Trade Desk (NASDAQ:TTD) Price Target Raised to $135.00 at Susquehanna

Trade Desk (NASDAQ:TTD) had its target price lifted by Susquehanna from $110.00 to $135.00 in a research note released on Friday, Benzinga reports. They currently have a positive rating on the technology company’s stock.

Several other equities analysts have also recently weighed in on the company. Piper Sandler reaffirmed an overweight rating and set a $110.00 target price on shares of Trade Desk in a research note on Tuesday, June 11th. KeyCorp lifted their target price on Trade Desk from $100.00 to $105.00 and gave the company an overweight rating in a research note on Monday, July 29th. Morgan Stanley lifted their target price on Trade Desk from $100.00 to $110.00 and gave the company an overweight rating in a research note on Tuesday, July 23rd. BMO Capital Markets reaffirmed an outperform rating and set a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Royal Bank of Canada lifted their target price on Trade Desk from $105.00 to $110.00 and gave the company an outperform rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $105.51.

Trade Desk Stock Up 12.5 %

Trade Desk stock traded up $11.03 during midday trading on Friday, hitting $99.30. The company’s stock had a trading volume of 13,299,325 shares, compared to its average volume of 4,207,968. The stock’s 50-day moving average price is $95.34 and its 200-day moving average price is $87.40. Trade Desk has a 12 month low of $60.23 and a 12 month high of $102.67. The company has a market capitalization of $48.57 billion, a PE ratio of 248.26, a price-to-earnings-growth ratio of 4.34 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. As a group, equities analysts anticipate that Trade Desk will post 0.85 EPS for the current year.

Insider Transactions at Trade Desk

In other news, CFO Laura Schenkein sold 43,705 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the transaction, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,909 shares of company stock worth $20,827,601. Insiders own 10.18% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds have recently modified their holdings of TTD. Nisa Investment Advisors LLC boosted its stake in shares of Trade Desk by 30.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 66,370 shares of the technology company’s stock worth $4,776,000 after acquiring an additional 15,423 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Trade Desk by 25.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 673,544 shares of the technology company’s stock worth $48,468,000 after acquiring an additional 135,684 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Trade Desk by 7.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,532 shares of the technology company’s stock worth $614,000 after acquiring an additional 583 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Trade Desk by 64.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 14,009 shares of the technology company’s stock worth $1,008,000 after purchasing an additional 5,474 shares during the last quarter. Finally, Financial Counselors Inc. lifted its holdings in Trade Desk by 11.5% during the 4th quarter. Financial Counselors Inc. now owns 69,068 shares of the technology company’s stock worth $4,970,000 after purchasing an additional 7,122 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.