KeyCorp Forecasts Strong Price Appreciation for Trade Desk (NASDAQ:TTD) Stock

Trade Desk (NASDAQ:TTD - Get Free Report) had its target price upped by research analysts at KeyCorp from $130.00 to $140.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. KeyCorp's target price suggests a potential upside of 17.85% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Wolfe Research raised their target price on shares of Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Needham & Company LLC raised their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. New Street Research upgraded Trade Desk from a "sell" rating to a "neutral" rating and upped their target price for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $129.83.

Trade Desk Stock Down 2.2 %

Trade Desk stock traded down $2.72 during mid-day trading on Friday, hitting $118.80. 2,925,448 shares of the company's stock traded hands, compared to its average volume of 3,094,839. Trade Desk has a one year low of $61.47 and a one year high of $141.53. The firm has a 50 day moving average price of $126.73 and a 200 day moving average price of $111.77. The company has a market cap of $58.64 billion, a PE ratio of 194.75, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock worth $4,654,466 in the last ninety days. Corporate insiders own 9.72% of the company's stock.

Institutional Trading of Trade Desk

A number of institutional investors and hedge funds have recently made changes to their positions in TTD. Avior Wealth Management LLC grew its stake in Trade Desk by 37.7% in 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 during the last quarter. Quarry LP bought a new stake in Trade Desk during the second quarter valued at about $41,000. Brown Lisle Cummings Inc. grew its position 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 valued at $41,000 after purchasing an additional 150 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Trade Desk during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 67.77% of the company's stock.

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.