Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, Truist Financial Analyst Says

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target upped by equities researchers at Truist Financial from $135.00 to $155.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Truist Financial's price target would suggest a potential upside of 14.80% from the stock's previous close.

A number of other research firms have also recently commented on TTD. BTIG Research raised their target price on Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reissued a "neutral" rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. StockNews.com downgraded shares of Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Loop Capital lifted their target price on Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Benchmark reiterated a "sell" rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and a consensus target price of $125.61.

Trade Desk Trading Up 1.8 %

Shares of TTD stock traded up $2.37 during mid-day trading on Tuesday, reaching $135.02. The stock had a trading volume of 4,718,497 shares, compared to its average volume of 3,835,829. The firm has a market capitalization of $66.64 billion, a PE ratio of 221.34, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43. The stock's 50-day moving average price is $125.01 and its two-hundred day moving average price is $108.55. Trade Desk has a 52-week low of $61.47 and a 52-week high of $141.53.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the business's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the sale, the chief executive officer now owns 7,330 shares in the company, valued at $846,615. The trade was a 91.67 % decrease in their position. The sale 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 company's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company's stock, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. 9.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds have recently bought and sold shares of TTD. Ithaka Group LLC increased its stake in shares of Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock valued at $12,378,000 after acquiring an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC increased its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock valued at $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock valued at $8,066,000 after purchasing an additional 70,687 shares during the period. Swiss National Bank boosted its position in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $144,892,000 after purchasing an additional 4,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company's stock valued at $231,294,000 after buying an additional 68,206 shares during the period. Institutional investors 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.