Trade Desk (NASDAQ:TTD) Price Target Raised to $134.00 at DA Davidson

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target lifted by stock analysts at DA Davidson from $108.00 to $134.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. DA Davidson's price objective indicates a potential upside of 3.60% from the company's current price.

Several other equities research analysts also recently weighed in on the company. Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Moffett Nathanson began coverage on Trade Desk in a report on Monday, September 23rd. They set a "neutral" rating and a $100.00 target price for the company. UBS Group lifted their target price on Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday. Piper Sandler reaffirmed an "overweight" rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Friday. Finally, Royal Bank of Canada lifted their target price on Trade Desk from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.65.

Trade Desk Price Performance

NASDAQ TTD traded up $4.21 during trading on Monday, hitting $129.34. The company's stock had a trading volume of 6,752,758 shares, compared to its average volume of 3,831,983. The company has a market cap of $63.58 billion, a PE ratio of 214.59, a P/E/G ratio of 6.02 and a beta of 1.47. The business's 50 day simple moving average is $112.83 and its 200-day simple moving average is $101.27. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 13.73% and a net margin of 13.34%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. Analysts expect that Trade Desk will post 0.86 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now owns 99,374 shares of the company's stock, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Samantha Jacobson sold 4,872 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now owns 99,374 shares of the company's stock, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 3,130 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,557,897 shares of company stock valued at $170,121,565. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTD. Baillie Gifford & Co. grew its stake in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock valued at $278,623,000 after purchasing an additional 270,800 shares during the last quarter. Jericho Capital Asset Management L.P. grew its stake in shares of Trade Desk by 4.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company's stock valued at $211,500,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company's stock valued at $170,275,000 after buying an additional 872,555 shares in the last quarter. 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.