Trade Desk (NASDAQ:TTD) Price Target Raised to $105.00 at Stifel Nicolaus

Trade Desk (NASDAQ:TTD) had its price objective hoisted by stock analysts at Stifel Nicolaus from $100.00 to $105.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 22.18% from the company’s previous close.

A number of other analysts have also recently weighed in on TTD. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Oppenheimer upped their target price on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research note on Thursday. Susquehanna increased their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Finally, KeyCorp upped their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.80.

Trade Desk Price Performance

TTD stock traded down $0.08 during midday trading on Thursday, hitting $85.94. The stock had a trading volume of 1,526,742 shares, compared to its average volume of 4,414,036. The firm has a market cap of $42.02 billion, a PE ratio of 241.11, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. Trade Desk has a 12-month low of $60.23 and a 12-month high of $94.00. The company’s 50-day moving average price is $83.98 and its 200 day moving average price is $76.09.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The company had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. As a group, sell-side analysts anticipate that Trade Desk will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 642,170 shares of company stock worth $53,970,398. Corporate insiders own 10.18% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently made changes to their positions in TTD. Baron Wealth Management LLC bought a new stake in shares of Trade Desk in the third quarter valued at about $270,000. Stratos Wealth Partners LTD. lifted its stake in shares of Trade Desk by 32.2% in the third quarter. Stratos Wealth Partners LTD. now owns 5,815 shares of the technology company’s stock valued at $454,000 after buying an additional 1,416 shares during the period. New York State Teachers Retirement System bought a new position in Trade Desk during the third quarter worth about $277,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Trade Desk by 2.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,499 shares of the technology company’s stock worth $6,213,000 after purchasing an additional 2,125 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in Trade Desk by 3.3% during the third quarter. Mackenzie Financial Corp now owns 28,471 shares of the technology company’s stock worth $2,175,000 after purchasing an additional 908 shares during the period. 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.