Other analysts have also recently issued reports about the company. KeyCorp dropped their price target on Trade Desk from $60.00 to $56.00 and set an overweight rating for the company in a report on Thursday, November 10th. Susquehanna dropped their price objective on Trade Desk from $95.00 to $90.00 in a report on Thursday, November 10th. Susquehanna Bancshares dropped their price objective on Trade Desk from $95.00 to $90.00 in a report on Thursday, November 10th. Citigroup began coverage on Trade Desk in a report on Tuesday, December 13th. They issued a buy rating and a $60.00 price objective for the company. Finally, Oppenheimer dropped their price objective on Trade Desk to $60.00 in a report on Tuesday, November 15th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $67.00.
Trade Desk Trading Up 0.9 %
NASDAQ:TTD opened at $47.62 on Tuesday. The stock has a market cap of $23.31 billion, a P/E ratio of -2,381.00, a PEG ratio of 3.72 and a beta of 1.78. The stock has a 50 day simple moving average of $47.23 and a 200 day simple moving average of $53.13. Trade Desk has a 1-year low of $39.00 and a 1-year high of $86.88.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TTD. MetLife Investment Management LLC acquired a new position in Trade Desk during the 1st quarter worth about $1,946,000. Synovus Financial Corp lifted its stake in shares of Trade Desk by 32.8% in the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock valued at $561,000 after purchasing an additional 1,996 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Trade Desk by 43.0% in the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock valued at $1,019,000 after purchasing an additional 4,276 shares during the period. Aviva PLC lifted its stake in shares of Trade Desk by 8.5% in the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after purchasing an additional 8,059 shares during the period. Finally, National Pension Service lifted its stake in shares of Trade Desk by 11.2% in the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock valued at $45,550,000 after purchasing an additional 66,179 shares during the period. 67.04% of the stock is owned by institutional investors and hedge funds.
About Trade Desk
Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.
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