StockNews.com Downgrades Trade Desk (NASDAQ:TTD) to Hold

Trade Desk (NASDAQ:TTD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research firms have also recently commented on TTD. Robert W. Baird lifted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup lifted their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company assumed coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. Oppenheimer upped their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Evercore ISI raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.66.

Trade Desk Stock Performance

TTD opened at $128.55 on Friday. Trade Desk has a one year low of $61.47 and a one year high of $132.65. The company has a market cap of $63.45 billion, a P/E ratio of 210.74, a PEG ratio of 5.83 and a beta of 1.47. The business’s 50-day simple moving average is $119.46 and its 200-day simple moving average is $105.30.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. The trade was a 10.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at $3,269,019. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in Trade Desk by 175.0% during the first quarter. Cetera Investment Advisers now owns 142,702 shares of the technology company’s stock valued at $12,475,000 after buying an additional 90,818 shares in the last quarter. Cetera Advisors LLC lifted its stake in Trade Desk by 152.2% during the first quarter. Cetera Advisors LLC now owns 41,593 shares of the technology company’s stock worth $3,636,000 after purchasing an additional 25,098 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Trade Desk by 17.1% in the second quarter. GAMMA Investing LLC now owns 1,824 shares of the technology company’s stock worth $178,000 after purchasing an additional 266 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Trade Desk by 11.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,494 shares of the technology company’s stock valued at $146,000 after purchasing an additional 159 shares during the last quarter. Finally, DNB Asset Management AS raised its holdings in shares of Trade Desk by 3.8% during the second quarter. DNB Asset Management AS now owns 70,490 shares of the technology company’s stock worth $6,885,000 after purchasing an additional 2,591 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

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.