Robert W. Baird Raises Trade Desk (NASDAQ:TTD) Price Target to $140.00

Trade Desk (NASDAQ:TTD) had its target price increased by Robert W. Baird from $130.00 to $140.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other research analysts also recently weighed in on the company. Loop Capital upped their target price on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Stifel Nicolaus upped their target price on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Morgan Stanley upped their target price on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Needham & Company LLC boosted their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $120.69.

Trade Desk Price Performance

TTD stock traded down $7.40 during mid-day trading on Friday, hitting $125.13. 13,646,214 shares of the stock were exchanged, compared to its average volume of 3,818,373. Trade Desk has a 12 month low of $60.23 and a 12 month high of $132.65. The business has a fifty day moving average price of $112.83 and a 200 day moving average price of $101.00. The stock has a market capitalization of $61.51 billion, a price-to-earnings ratio of 250.26, a PEG ratio of 6.00 and a beta of 1.47.

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

Insider Activity

In related news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. The trade was 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 worth $170,121,565 over the last 90 days. Corporate insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter worth about $30,000. EdgeRock Capital LLC purchased a new position in shares of Trade Desk during the second quarter worth approximately $37,000. Avior Wealth Management LLC increased 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 acquiring an additional 100 shares during the period. Quarry LP purchased a new position in shares of Trade Desk during the second quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. increased its position in shares of 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 acquiring 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.