Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, KeyCorp Analyst Says

Trade Desk (NASDAQ:TTD) had its target price lifted by investment analysts at KeyCorp from $140.00 to $142.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target suggests a potential upside of 21.07% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. JMP Securities assumed coverage on Trade Desk in a research report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 target price on the stock. Robert W. Baird upped their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Susquehanna restated a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. Finally, Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

Trade Desk Price Performance

Shares of TTD stock opened at $117.29 on Monday. The company has a market capitalization of $57.89 billion, a PE ratio of 192.28, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The firm’s 50-day moving average is $124.17 and its two-hundred day moving average is $115.07. Trade Desk has a 12 month low of $68.65 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same period in the previous year, the company earned $0.08 EPS. Sell-side analysts forecast that Trade Desk will post 0.87 EPS for the current year.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Several hedge funds and other institutional investors have recently bought and sold shares of TTD. Rialto Wealth Management LLC bought a new position in shares of Trade Desk in the 4th quarter worth about $26,000. Harbor Investment Advisory LLC lifted its holdings in Trade Desk by 68.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the last quarter. Synergy Asset Management LLC bought a new position in shares of Trade Desk during the fourth quarter valued at approximately $34,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth approximately $34,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $35,000. 67.77% of the stock is owned by 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.