Susquehanna Reiterates Positive Rating for Trade Desk (NASDAQ:TTD)

Susquehanna reiterated their positive rating on shares of Trade Desk (NASDAQ:TTD) in a research note issued to investors on Thursday,Benzinga reports. Susquehanna currently has a $150.00 target price on the technology company’s stock.

A number of other research analysts have also recently weighed in on TTD. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a research note on Tuesday, October 29th. Robert W. Baird upped their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Piper Sandler restated an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Loop Capital upped their price objective on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $123.66.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $129.70 on Thursday. The firm’s 50-day moving average is $117.38 and its two-hundred day moving average is $103.75. The company has a market capitalization of $64.02 billion, a PE ratio of 212.62, a price-to-earnings-growth ratio of 5.77 and a beta of 1.47. Trade Desk has a 12-month low of $61.47 and a 12-month high of $132.65.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,412,367 shares of company stock worth $155,067,356 over the last three months. 9.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Large investors have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $30,000. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. JFS Wealth Advisors LLC boosted its holdings in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new position in Trade Desk in the second quarter valued at about $37,000. Institutional investors and hedge funds 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.