Trade Desk (NASDAQ:TTD) Price Target Raised to $120.00 at Oppenheimer

Trade Desk (NASDAQ:TTD) had its target price lifted by equities research analysts at Oppenheimer from $105.00 to $120.00 in a report released on Monday, Marketbeat.com reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price would indicate a potential upside of 20.63% from the stock’s previous close.

Several other analysts have also commented on TTD. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, July 9th. Truist Financial reissued a “buy” rating and set a $105.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. Royal Bank of Canada lifted their price objective on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Loop Capital upped their price objective on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.29.

Trade Desk Trading Up 0.9 %

Shares of NASDAQ:TTD opened at $99.48 on Monday. The stock has a market cap of $48.66 billion, a PE ratio of 248.71, a price-to-earnings-growth ratio of 5.10 and a beta of 1.48. The stock’s fifty day simple moving average is $95.28 and its two-hundred day simple moving average is $84.19. Trade Desk has a 1-year low of $60.23 and a 1-year high of $102.67.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. On average, sell-side analysts forecast that Trade Desk will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $85.13, for a total value of $6,384,750.00. Following the completion of the sale, the chief executive officer now directly owns 899,022 shares in the company, valued at $76,533,742.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $85.13, for a total value of $6,384,750.00. Following the transaction, the chief executive officer now directly owns 899,022 shares of the company’s stock, valued at approximately $76,533,742.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 362,554 shares of company stock valued at $33,414,310. Corporate insiders own 10.18% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently made changes to their positions in TTD. Pinnacle Bancorp Inc. lifted its position in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Trade Desk during the first quarter valued at $27,000. Bogart Wealth LLC boosted its position in shares of Trade Desk by 194.7% during the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. Level Financial Advisors Inc. raised its position in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares during the last quarter. Hedge funds and other 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.