Trade Desk (NASDAQ:TTD) PT Raised to $112.00

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target boosted by investment analysts at Citigroup from $110.00 to $112.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Citigroup's target price would suggest a potential upside of 26.31% from the stock's previous close.

TTD has been the subject of a number of other research reports. Truist Financial boosted their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the company a "buy" rating in a report on Friday, February 16th. Seaport Res Ptn reiterated a "neutral" rating on shares of Trade Desk in a research report on Monday, February 12th. KeyCorp increased their price target 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. Oppenheimer increased their price target on shares of Trade Desk from $85.00 to $105.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada increased their price target on shares of Trade Desk from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday. 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. Based on data from MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and a consensus price target of $91.72.

Trade Desk Trading Up 3.1 %

NASDAQ TTD traded up $2.65 during trading on Thursday, reaching $88.67. The company's stock had a trading volume of 8,743,341 shares, compared to its average volume of 4,500,460. The firm has a market capitalization of $43.35 billion, a price-to-earnings ratio of 246.31, 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 firm has a 50 day moving average price of $84.04 and a 200 day moving average price of $76.17.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The business had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. On average, equities analysts forecast that Trade Desk will post 0.79 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the transaction, the chief executive officer now owns 824,022 shares of the company's stock, valued at $69,605,138.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jay R. Grant sold 2,136 shares of Trade Desk 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 completion of the transaction, the insider now owns 139,794 shares of the company's stock, valued at $12,515,756.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares of the company's stock, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 642,170 shares of company stock valued at $53,970,398. Insiders own 10.18% of the company's stock.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its stake in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company's stock valued at $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Trade Desk during the first quarter valued at about $27,000. NBC Securities Inc. acquired a new position in shares of Trade Desk during the third quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trade Desk during the third quarter valued at about $26,000. Finally, Bogart Wealth LLC grew its holdings 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. Institutional investors own 67.77% of the company's stock.

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.