The Trade Desk (NASDAQ:TTD) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of The Trade Desk (NASDAQ:TTD - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-three ratings firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and twenty-six have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $97.27.

A number of research firms have commented on TTD. Piper Sandler raised their price target on shares of Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. JMP Securities restated a "market outperform" rating and issued a $100.00 target price on shares of Trade Desk in a research note on Tuesday, June 24th. Truist Financial boosted their target price on Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wedbush restated an "outperform" rating and set a $86.00 price objective (up previously from $80.00) on shares of Trade Desk in a report on Friday, May 9th. Finally, Stifel Nicolaus cut their target price on Trade Desk from $122.00 to $87.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd.

Insiders Place Their Bets

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the stock in a transaction dated Tuesday, May 13th. The shares were 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 $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the transaction, the chief executive officer owned 17,018 shares of the company's stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Investment Management Corp VA ADV bought a new position in shares of Trade Desk in the fourth quarter worth $25,000. Zions Bancorporation N.A. boosted its stake in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares during the period. Park Square Financial Group LLC bought a new position in Trade Desk in the 4th quarter worth about $47,000. BNP Paribas purchased a new position in Trade Desk during the 4th quarter valued at about $50,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk during the first quarter valued at about $26,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of TTD stock traded up $1.22 during mid-day trading on Thursday, hitting $76.85. The company's stock had a trading volume of 6,681,148 shares, compared to its average volume of 6,387,177. The company has a market cap of $37.77 billion, a PE ratio of 93.72, a P/E/G ratio of 3.40 and a beta of 1.36. The company's fifty day simple moving average is $71.06 and its 200-day simple moving average is $79.26. Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

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

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.