Trade Desk (NASDAQ:TTD) Upgraded at Jefferies Financial Group

Trade Desk (NASDAQ:TTD - Get Free Report) was upgraded by investment analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued on Thursday, MarketBeat reports. The firm presently has a $105.00 target price on the technology company's stock, up from their prior target price of $95.00. Jefferies Financial Group's price target points to a potential upside of 19.16% from the company's previous close.

Several other analysts also recently issued reports on TTD. Oppenheimer boosted their price target on Trade Desk from $85.00 to $105.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Benchmark boosted their price target on Trade Desk from $32.00 to $42.00 and gave the company a "sell" rating in a research note on Friday, February 16th. BMO Capital Markets boosted their price target on Trade Desk from $88.00 to $107.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Susquehanna boosted their price target on Trade Desk from $75.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, February 16th. Finally, Stephens restated an "overweight" rating and issued a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.38.

Trade Desk Trading Up 3.2 %

Shares of NASDAQ:TTD traded up $2.71 during trading on Thursday, hitting $88.12. 4,147,810 shares of the company were exchanged, compared to its average volume of 4,440,036. The stock has a market cap of $43.09 billion, a price-to-earnings ratio of 237.26, a P/E/G ratio of 4.57 and a beta of 1.50. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $94.00. The firm has a fifty day moving average price of $83.45 and a two-hundred day moving average price of $75.69.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share 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 8.59% and a net margin of 9.19%. As a group, research analysts predict that Trade Desk will post 0.79 EPS for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares in the company, valued at $4,377,981.59. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company's stock, valued at $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock worth $53,970,398 in the last 90 days. Corporate insiders own 10.18% of the company's stock.

Institutional Trading of Trade Desk

Institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. purchased a new stake in Trade Desk in the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new stake in Trade Desk in the third quarter worth $26,000. Pinnacle Bancorp Inc. increased its position in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company's stock worth $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co purchased a new stake in Trade Desk in the first quarter worth $27,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Trade Desk in the third quarter worth $29,000. 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.