Trade Desk (NASDAQ:TTD) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage currently has $105.00 price objective on the technology company’s stock, up from their previous price objective of $95.00.

Several other analysts have also weighed in on the stock. Truist Financial lifted their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the company a buy rating in a research note on Friday, February 16th. Benchmark raised their target price on Trade Desk from $32.00 to $42.00 and gave the company a sell rating in a research note on Friday, February 16th. Seaport Res Ptn reaffirmed a neutral rating on shares of Trade Desk in a research note on Monday, February 12th. Wells Fargo & Company boosted their price objective on Trade Desk from $73.00 to $80.00 and gave the company an overweight rating in a report on Wednesday, January 17th. Finally, Stifel Nicolaus lifted their price target on shares of Trade Desk from $80.00 to $100.00 and gave the company a buy rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $90.38.

Trade Desk Stock Up 0.5 %

Shares of NASDAQ TTD opened at $88.59 on Thursday. The company has a market capitalization of $43.32 billion, a PE ratio of 246.09, a P/E/G ratio of 4.88 and a beta of 1.50. The firm has a fifty day simple moving average of $83.69 and a 200 day simple moving average of $75.80. Trade Desk has a twelve month low of $60.23 and a twelve month high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The business had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. As a group, equities analysts expect that Trade Desk will post 0.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the transaction, the chief executive officer now directly owns 824,022 shares in the company, valued at $69,605,138.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the transaction, the insider now owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the sale, the chief executive officer now owns 824,022 shares in the company, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 642,170 shares of company stock valued at $53,970,398. Company insiders own 10.18% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several institutional investors have recently modified their holdings of TTD. 9258 Wealth Management LLC raised its stake in shares of Trade Desk by 2.2% during the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after acquiring an additional 131 shares in the last quarter. Latitude Advisors LLC lifted its holdings in Trade Desk by 5.0% in the 3rd quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock worth $220,000 after buying an additional 133 shares during the period. Csenge Advisory Group grew its position in shares of Trade Desk by 1.8% in the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock worth $688,000 after buying an additional 141 shares during the last quarter. Level Financial Advisors Inc. raised its holdings in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Trade Desk by 1.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after purchasing an additional 150 shares during the period. 67.77% of the stock is currently owned by institutional investors.

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.