Evercore ISI Boosts Trade Desk (NASDAQ:TTD) Price Target to $135.00

Trade Desk (NASDAQ:TTD) had its target price boosted by Evercore ISI from $110.00 to $135.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other analysts have also commented on TTD. UBS Group lifted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Susquehanna reissued a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research note on Thursday. DA Davidson raised their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Stifel Nicolaus upped their price target on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Trade Desk Stock Performance

Shares of TTD opened at $127.27 on Thursday. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65. The business’s fifty day moving average price is $116.45 and its two-hundred day moving average price is $103.32. The firm has a market capitalization of $62.82 billion, a price-to-earnings ratio of 208.65, a PEG ratio of 5.41 and a beta of 1.47.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now directly owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,412,367 shares of company stock valued at $155,067,356 in the last three months. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTD. CAP Partners LLC increased its position in Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the period. Apella Capital LLC increased its holdings in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after acquiring an additional 100 shares during the last quarter. Avior Wealth Management LLC raised its stake 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 acquiring an additional 100 shares during the period. Finally, Advisory Resource Group lifted its holdings in Trade Desk by 1.0% during the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 101 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.