DA Davidson Forecasts Strong Price Appreciation for Trade Desk (NASDAQ:TTD) Stock

Trade Desk (NASDAQ:TTD) had its target price increased by DA Davidson from $108.00 to $134.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock. DA Davidson also issued estimates for Trade Desk’s Q4 2024 earnings at $0.33 EPS, FY2024 earnings at $0.82 EPS and FY2025 earnings at $1.08 EPS.

Other research analysts also recently issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Bank of America assumed coverage on shares of Trade Desk in a report on Wednesday, September 4th. They set a “buy” rating and a $135.00 price target on the stock. KeyCorp boosted their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $122.65.

Trade Desk Stock Down 1.1 %

Shares of NASDAQ TTD opened at $125.88 on Monday. The firm has a market cap of $61.88 billion, a P/E ratio of 206.36, a PEG ratio of 6.25 and a beta of 1.47. Trade Desk has a twelve month low of $61.47 and a twelve month high of $132.65. The company has a 50 day moving average of $114.89 and a 200 day moving average of $102.26.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 664,261 shares in the company, valued at $68,897,150.92. The trade was a 16.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,548,289 shares of company stock valued at $169,165,185. 9.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTD. Transcendent Capital Group LLC purchased a new stake in Trade Desk during the second quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new stake in Trade Desk during the 2nd quarter valued at $37,000. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Quarry LP purchased a new position in Trade Desk during the second quarter worth $41,000. Finally, Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. 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.