Trade Desk (NASDAQ:TTD) Price Target Raised to $150.00 at UBS Group

Trade Desk (NASDAQ:TTD) had its target price hoisted by equities research analysts at UBS Group from $140.00 to $150.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. UBS Group’s price objective indicates a potential upside of 20.37% from the company’s previous close.

A number of other research firms also recently commented on TTD. Robert W. Baird lifted their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Loop Capital upped their price target on shares of Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Royal Bank of Canada boosted their target price on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Piper Sandler restated an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Friday. Finally, New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price for the company. in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $120.58.

Trade Desk Trading Down 6.0 %

Shares of TTD traded down $7.91 during mid-day trading on Friday, reaching $124.62. The company had a trading volume of 7,951,912 shares, compared to its average volume of 3,792,284. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $132.65. The firm has a fifty day simple moving average of $112.41 and a 200-day simple moving average of $100.68. The stock has a market cap of $61.26 billion, a price-to-earnings ratio of 250.68, a price-to-earnings-growth ratio of 6.00 and a beta of 1.47.

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

Insider Buying and Selling

In related news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at approximately $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the transaction, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their position. 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 over the last ninety days. 9.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTD. CAP Partners LLC increased its stake in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares during the period. Allworth Financial LP boosted its holdings in Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after acquiring an additional 97 shares during the last quarter. Apella Capital LLC increased its position in Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the period. HM Payson & Co. raised its holdings in Trade Desk by 1.0% during the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 102 shares during the last quarter. Finally, Wealth Alliance lifted its position in Trade Desk by 0.6% during the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares during the period. 67.77% of the stock is owned by institutional investors.

About Trade Desk

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.