Loop Capital Issues Positive Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target boosted by equities research analysts at Loop Capital from $120.00 to $145.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Loop Capital's price objective would indicate a potential upside of 12.11% from the company's previous close.

TTD has been the topic of a number of other reports. Benchmark reaffirmed a "sell" rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday. Morgan Stanley boosted their price objective on Trade Desk from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. Piper Sandler reiterated an "overweight" rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday. Macquarie increased their target price on shares of Trade Desk from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Oppenheimer boosted their price objective on Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and an average target price of $122.65.

Trade Desk Stock Performance

TTD stock traded up $4.21 during mid-day trading on Monday, hitting $129.34. 6,752,758 shares of the company were exchanged, compared to its average volume of 3,831,983. The firm has a market cap of $63.58 billion, a P/E ratio of 212.03, a P/E/G ratio of 6.02 and a beta of 1.47. The firm's 50 day simple moving average is $113.32 and its 200 day simple moving average is $101.59. Trade Desk has a 1-year low of $61.47 and a 1-year high of $132.65.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 13.34% and a return on equity of 13.73%. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same quarter last year, the firm posted $0.07 EPS. The company's quarterly revenue was up 25.9% on a year-over-year basis. On average, equities research analysts predict that Trade Desk will post 0.86 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the sale, the chief executive officer now owns 664,261 shares of the company's stock, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the sale, the chief financial officer now owns 693,953 shares of the company's stock, valued at $80,102,994.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company's stock, valued at approximately $68,897,150.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. Corporate insiders own 9.72% of the company's stock.

Institutional Trading of Trade Desk

Several large investors have recently bought and sold shares of TTD. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the second quarter worth about $30,000. Avior Wealth Management LLC increased its position in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after buying an additional 100 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after acquiring an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new position in shares of Trade Desk during the second quarter valued at $37,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.