The Trade Desk, Inc. (NASDAQ:TTD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The Trade Desk, Inc. (NASDAQ:TTDGet Free Report) have received an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-four have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $82.81.

TTD has been the subject of a number of recent analyst reports. Susquehanna decreased their price target on Trade Desk from $105.00 to $75.00 and set a “positive” rating for the company in a report on Friday, November 10th. HSBC initiated coverage on Trade Desk in a report on Monday, December 18th. They set a “buy” rating and a $83.20 price target for the company. Wells Fargo & Company lifted their price target on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Piper Sandler decreased their price target on Trade Desk from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Finally, Truist Financial reiterated a “buy” rating and set a $80.00 target price on shares of Trade Desk in a research report on Tuesday, November 28th.

Get Our Latest Stock Report on Trade Desk

Insider Activity

In other news, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $68.15, for a total transaction of $204,381.85. Following the completion of the transaction, the director now owns 42,310 shares of the company’s stock, valued at approximately $2,883,426.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $68.15, for a total transaction of $204,381.85. Following the completion of the sale, the director now owns 42,310 shares of the company’s stock, valued at approximately $2,883,426.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Laura Schenkein sold 2,613 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $66.48, for a total transaction of $173,712.24. Following the sale, the chief financial officer now directly owns 660,009 shares of the company’s stock, valued at approximately $43,877,398.32. The disclosure for this sale can be found here. Insiders sold a total of 11,610 shares of company stock valued at $798,404 in the last 90 days. 10.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trade Desk

Several institutional investors and hedge funds have recently made changes to their positions in the business. Avantax Advisory Services Inc. raised its position in shares of Trade Desk by 8.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 19,295 shares of the technology company’s stock valued at $1,388,000 after acquiring an additional 1,578 shares in the last quarter. Boston Partners acquired a new stake in Trade Desk in the fourth quarter worth $837,000. Ieq Capital LLC increased its position in Trade Desk by 9.4% in the fourth quarter. Ieq Capital LLC now owns 10,188 shares of the technology company’s stock worth $733,000 after buying an additional 879 shares during the period. Dimensional Fund Advisors LP increased its position in Trade Desk by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after buying an additional 35,164 shares during the period. Finally, Strategic Advocates LLC boosted its stake in Trade Desk by 12.0% during the fourth quarter. Strategic Advocates LLC now owns 12,558 shares of the technology company’s stock valued at $904,000 after buying an additional 1,343 shares in the last quarter. 68.23% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Trading Up 1.5 %

Shares of NASDAQ TTD opened at $69.60 on Thursday. Trade Desk has a twelve month low of $47.68 and a twelve month high of $91.85. The stock has a fifty day simple moving average of $70.29 and a 200-day simple moving average of $74.80. The stock has a market capitalization of $34.12 billion, a PE ratio of 224.52, a PEG ratio of 4.17 and a beta of 1.50.

Trade Desk (NASDAQ:TTDGet Free Report) last released its earnings results on Thursday, November 9th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The company had revenue of $493.27 million during the quarter, compared to analysts’ expectations of $486.94 million. Trade Desk had a net margin of 8.35% and a return on equity of 7.38%. On average, equities analysts predict that Trade Desk will post 0.42 earnings per share for the current year.

About Trade Desk

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The 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 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.

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Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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