Trade Desk (NASDAQ:TTD) PT Raised to $115.00 at KeyCorp

Trade Desk (NASDAQ:TTD) had its price objective upped by analysts at KeyCorp from $105.00 to $115.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price objective would suggest a potential upside of 15.81% from the company’s previous close.

A number of other research analysts have also issued reports on TTD. BMO Capital Markets restated an “outperform” rating and set a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Truist Financial reaffirmed a “buy” rating and set a $105.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Oppenheimer upped their price target on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Trade Desk in a report on Thursday, July 25th. Finally, Royal Bank of Canada upped their price target on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.51.

Trade Desk Stock Performance

TTD traded up $11.03 on Friday, reaching $99.30. The company had a trading volume of 13,299,325 shares, compared to its average volume of 4,207,968. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $102.67. The stock has a market cap of $48.57 billion, a P/E ratio of 248.26, a P/E/G ratio of 4.34 and a beta of 1.48. The company’s fifty day moving average is $95.34 and its 200 day moving average is $87.40.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. On average, sell-side analysts expect that Trade Desk will post 0.85 EPS for the current year.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were 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 directly owns 703,038 shares in the company, valued at $67,055,764.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now owns 32,701 shares in the company, valued at $3,216,797.37. The disclosure for this sale can be found here. Insiders sold a total of 213,909 shares of company stock valued at $20,827,601 over the last three months. Corporate insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its stake in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the last quarter. Riverview Trust Co purchased a new position in Trade Desk in the first quarter valued at about $27,000. Bogart Wealth LLC boosted its stake in Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Trade Desk in the second quarter valued at about $30,000. Finally, Jones Financial Companies Lllp boosted its stake in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after acquiring an additional 418 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other 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.