Trade Desk (NASDAQ:TTD) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Trade Desk (NASDAQ:TTD) had its price target upped by equities researchers at Wells Fargo & Company from $141.00 to $142.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 21.62% from the stock’s current price.

Several other research firms have also commented on TTD. Benchmark restated a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. UBS Group raised their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson increased their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Oppenheimer increased their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Trade Desk Price Performance

NASDAQ:TTD opened at $116.76 on Monday. The firm has a market capitalization of $57.63 billion, a P/E ratio of 191.41, a PEG ratio of 6.00 and a beta of 1.45. Trade Desk has a 1-year low of $61.47 and a 1-year high of $141.53. The company’s fifty day moving average price is $126.71 and its 200-day moving average price is $112.27.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,086 shares of company stock worth $4,654,466 in the last 90 days. Corporate insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of the business. CAP Partners LLC increased its stake in Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders grew its stake in shares of Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 89 shares during the period. Allworth Financial LP grew its stake in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the period. Parisi Gray Wealth Management grew its stake in shares of Trade Desk by 2.2% during the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. 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.