Brokerages Set The Trade Desk (NASDAQ:TTD) Target Price at $100.09

Key Points

• The Trade Desk (NASDAQ:TTD) has received a consensus rating of "Moderate Buy" from 34 brokerages, with 26 giving it a buy rating and only one issuing a sell rating.
• The average 12-month price target for the stock among analysts is $100.09, with varying target prices from different brokerages.
• Insider trading saw CEO Jeffrey Green and Director David Wells sell significant shares, reducing their positions by 61.06% and 29.95% respectively.

Shares of The Trade Desk (NASDAQ:TTD - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty-four analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $98.7273.

TTD has been the subject of a number of recent research reports. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Trade Desk from $85.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Arete Research raised shares of Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Truist Financial raised their price objective on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Citizens Jmp reduced their target price on Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th.

Trade Desk Stock Performance

TTD traded down $1.95 during trading on Monday, hitting $87.64. The stock had a trading volume of 6,664,489 shares, compared to its average volume of 10,061,358. Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The firm has a market capitalization of $43.07 billion, a P/E ratio of 107.26, a PEG ratio of 3.99 and a beta of 1.37. The company's 50-day moving average price is $76.43 and its 200 day moving average price is $74.08.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. Trade Desk's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, equities analysts expect that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the transaction, the director owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer owned 17,018 shares in the company, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brown Advisory Inc. raised its holdings in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after purchasing an additional 5,387,339 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Trade Desk in the first quarter worth about $191,935,000. Jennison Associates LLC lifted its position in shares of Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company's stock worth $1,027,114,000 after buying an additional 2,169,252 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Trade Desk by 255.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company's stock worth $96,132,000 after purchasing an additional 1,262,492 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

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.