Trade Desk (NASDAQ:TTD) Earns Outperform Rating from Wedbush

Trade Desk (NASDAQ:TTD)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $135.00 price objective on the technology company’s stock. Wedbush’s price objective indicates a potential upside of 4.65% from the company’s current price.

A number of other equities analysts also recently issued reports on TTD. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Wells Fargo & Company initiated coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target for the company. Benchmark restated a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Truist Financial lifted their target price on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC boosted their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.07.

Trade Desk Stock Up 0.8 %

Shares of Trade Desk stock opened at $129.00 on Thursday. The company has a market cap of $63.67 billion, a P/E ratio of 211.48, a PEG ratio of 6.00 and a beta of 1.43. The firm’s 50 day moving average price is $125.42 and its 200-day moving average price is $108.85. Trade Desk has a 52-week low of $61.47 and a 52-week high of $141.53.

Insider Activity at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of 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 is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’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 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. In the last quarter, 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.

Institutional Investors Weigh In On Trade Desk

Hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew its holdings 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 in the last quarter. JFS Wealth Advisors LLC increased its position in Trade Desk by 194.5% during 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 last quarter. Brown Lisle Cummings Inc. raised its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $37,000. Finally, Quarry LP purchased a new stake in shares of Trade Desk during the 2nd quarter valued at approximately $41,000. 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.