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

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirty ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $132.55.

Several equities analysts have commented on TTD shares. StockNews.com downgraded Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Needham & Company LLC lifted their target price on shares of Trade Desk from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. New Street Research raised shares of Trade Desk from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Finally, UBS Group lifted their price objective on Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, November 8th.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company's stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock valued at $4,654,466 in the last quarter. Corporate insiders own 9.72% of the company's stock.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC boosted its holdings in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after acquiring an additional 117 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 100 shares in the last quarter. Quarry LP purchased a new position in shares of Trade Desk during the second quarter valued at about $41,000. Brown Lisle Cummings Inc. raised its stake in 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 buying an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted 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 buying an additional 247 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Trading Up 1.0 %

Trade Desk stock traded up $1.16 during mid-day trading on Thursday, reaching $120.84. The company had a trading volume of 2,546,573 shares, compared to its average volume of 3,007,659. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The company has a market cap of $59.64 billion, a P/E ratio of 198.10, a P/E/G ratio of 3.76 and a beta of 1.45. The business has a fifty day simple moving average of $126.55 and a 200 day simple moving average of $112.46.

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.