Stifel Nicolaus Increases Trade Desk (NASDAQ:TTD) Price Target to $136.00

Trade Desk (NASDAQ:TTD) had its price target upped by stock analysts at Stifel Nicolaus from $111.00 to $136.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 15.57% from the stock’s current price.

Several other equities analysts have also issued reports on TTD. KeyCorp increased their target price on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Wolfe Research initiated coverage on Trade Desk in a report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. Finally, Moffett Nathanson initiated coverage on Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $112.01.

Trade Desk Price Performance

Shares of TTD stock opened at $117.68 on Monday. The firm has a market cap of $57.85 billion, a PE ratio of 235.36, a price-to-earnings-growth ratio of 5.57 and a beta of 1.48. The company has a 50-day moving average of $104.87 and a two-hundred day moving average of $96.41. Trade Desk has a 1-year low of $60.23 and a 1-year high of $118.82.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. Sell-side analysts anticipate that Trade Desk will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the transaction, the chief executive officer now owns 7,330 shares in the company, valued at $846,615. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 80,649 shares of Trade Desk stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the transaction, the chief executive officer now owns 7,330 shares in the company, valued at $846,615. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock worth $170,095,115 in the last quarter. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Apella Capital LLC grew its stake in shares of Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance grew its stake in shares of Trade Desk by 0.6% in the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after purchasing an additional 106 shares during the last quarter. Parisi Gray Wealth Management grew its stake in shares of Trade Desk by 2.6% in the 3rd quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after purchasing an additional 111 shares during the last quarter. RFP Financial Group LLC grew its stake in shares of Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after purchasing an additional 116 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA grew its stake in shares of Trade Desk by 6.2% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock valued at $233,000 after purchasing an additional 123 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.