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

Trade Desk (NASDAQ:TTD) had its price objective boosted by Macquarie from $133.00 to $150.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Macquarie’s target price suggests a potential upside of 17.19% from the stock’s previous close.

A number of other research firms also recently issued reports on TTD. BTIG Research boosted their price target on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital increased their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC lifted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Finally, Moffett Nathanson initiated coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.66.

Trade Desk Trading Up 0.5 %

Shares of TTD traded up $0.65 during mid-day trading on Friday, reaching $128.00. The company had a trading volume of 1,005,505 shares, compared to its average volume of 3,834,555. The stock has a market cap of $63.18 billion, a price-to-earnings ratio of 209.52, a price-to-earnings-growth ratio of 5.41 and a beta of 1.47. The firm has a fifty day simple moving average of $116.45 and a 200-day simple moving average of $103.32. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Insider Activity

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at $39,682,694.40. This represents a 42.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,412,367 shares of company stock valued at $155,067,356. Insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in Trade Desk in the second quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new position in shares of Trade Desk in the 2nd quarter worth $37,000. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Quarry LP purchased a new stake in shares of Trade Desk during the second quarter valued at $41,000. Finally, Brown Lisle Cummings Inc. boosted its position in shares of Trade Desk by 66.7% in the 3rd 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 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.