The Trade Desk, Inc. (NASDAQ:TTD) Given Average Rating of "Moderate Buy" by Brokerages

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-nine brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $101.34.

A number of brokerages have recently weighed in on TTD. Piper Sandler initiated coverage on Trade Desk in a research report on Thursday, April 17th. They set a "neutral" rating and a $55.00 target price on the stock. JMP Securities dropped their price objective on shares of Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. UBS Group decreased their target price on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 price target on shares of Trade Desk in a research report on Tuesday. Finally, Stifel Nicolaus cut their price target on Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TTD. Focus Financial Network Inc. grew its stake in Trade Desk by 2.2% during the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock valued at $456,000 after acquiring an additional 84 shares in the last quarter. RMR Wealth Builders grew its position in shares of Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock valued at $1,247,000 after purchasing an additional 89 shares in the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock worth $276,000 after purchasing an additional 94 shares during the period. TFB Advisors LLC increased its holdings in shares of Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock worth $442,000 after purchasing an additional 94 shares during the period. Finally, Centurion Wealth Management LLC raised its position in shares of Trade Desk by 2.6% in the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Up 1.3 %

Shares of TTD stock opened at $53.97 on Friday. Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The firm has a 50 day moving average of $57.70 and a 200-day moving average of $99.50. The company has a market cap of $26.77 billion, a price-to-earnings ratio of 69.19, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Analysts anticipate that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.

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