Trade Desk (NASDAQ:TTD) PT Raised to $109.00 at Loop Capital

Trade Desk (NASDAQ:TTD - Get Free Report) had its price objective boosted by equities research analysts at Loop Capital from $102.00 to $109.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Loop Capital's price objective suggests a potential upside of 16.97% from the company's current price.

TTD has been the topic of several other research reports. Oppenheimer upped their price objective on shares of Trade Desk from $85.00 to $105.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. BTIG Research upped their target price on shares of Trade Desk from $91.00 to $98.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. Citigroup raised their price target on shares of Trade Desk from $110.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Stifel Nicolaus lifted their target price on shares of Trade Desk from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.01.

Trade Desk Stock Performance

Shares of TTD stock traded up $2.94 during mid-day trading on Thursday, hitting $93.19. The company's stock had a trading volume of 10,910,699 shares, compared to its average volume of 4,566,723. The company has a market cap of $45.56 billion, a PE ratio of 232.98, a P/E/G ratio of 4.81 and a beta of 1.50. The company's fifty day simple moving average is $84.67 and its 200-day simple moving average is $76.80. Trade Desk has a 52 week low of $60.23 and a 52 week high of $95.35.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, equities analysts anticipate that Trade Desk will post 0.79 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TTD. California State Teachers Retirement System grew its stake in shares of Trade Desk by 0.8% in the first quarter. California State Teachers Retirement System now owns 704,304 shares of the technology company's stock worth $61,570,000 after acquiring an additional 5,870 shares during the last quarter. In Depth Partners LLC boosted its stake in Trade Desk by 2.7% in the 1st quarter. In Depth Partners LLC now owns 151,630 shares of the technology company's stock worth $13,255,000 after purchasing an additional 4,057 shares in the last quarter. Jericho Capital Asset Management L.P. increased its stake in Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company's stock valued at $211,500,000 after purchasing an additional 100,000 shares in the last quarter. Kodai Capital Management LP purchased a new position in Trade Desk in the first quarter worth about $1,618,000. Finally, Bayesian Capital Management LP lifted its stake in shares of Trade Desk by 682.7% in the first quarter. Bayesian Capital Management LP now owns 80,712 shares of the technology company's stock worth $7,056,000 after buying an additional 70,400 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.