Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, UBS Group Analyst Says

Trade Desk (NASDAQ:TTD) had its price target boosted by research analysts at UBS Group from $140.00 to $150.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 19.88% from the company’s current price.

Other analysts have also issued research reports about the company. KeyCorp lifted their price objective on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Wells Fargo & Company started coverage on Trade Desk in a research note on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. Susquehanna increased their price target on Trade Desk from $135.00 to $150.00 and gave the company a “positive” rating in a research note on Friday. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $120.69.

Trade Desk Stock Performance

Trade Desk stock opened at $125.13 on Friday. The firm’s fifty day moving average price is $112.83 and its 200-day moving average price is $101.14. The stock has a market cap of $61.51 billion, a P/E ratio of 205.13, a price-to-earnings-growth ratio of 6.00 and a beta of 1.47. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $132.65.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. On average, analysts predict that Trade Desk will post 0.86 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the completion of the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares in the company, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 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 of the company’s stock, valued at approximately $3,375,898.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock valued at $170,121,565 in the last quarter. Company insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Large investors have recently modified their holdings of the company. Venture Visionary Partners LLC grew its holdings 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 worth $1,898,000 after purchasing an additional 4,296 shares during the period. Sei Investments Co. grew its holdings in shares of Trade Desk by 16.3% during the first quarter. Sei Investments Co. now owns 246,188 shares of the technology company’s stock valued at $21,521,000 after buying an additional 34,520 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Trade Desk by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after purchasing an additional 5,148 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Trade Desk by 61.2% during the first quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock valued at $1,357,000 after purchasing an additional 5,893 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Trade Desk by 12.1% in the first quarter. Russell Investments Group Ltd. now owns 144,350 shares of the technology company’s stock worth $12,608,000 after acquiring an additional 15,550 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.