Trade Desk (NASDAQ:TTD) Price Target Raised to $95.00

Trade Desk (NASDAQ:TTD - Get Free Report) had its price target upped by research analysts at Stifel Nicolaus from $87.00 to $95.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price target points to a potential upside of 11.76% from the company's current price.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada cut their price objective on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $84.00 price objective on shares of Trade Desk in a report on Friday, June 6th. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the company a "buy" rating in a report on Tuesday, April 29th. Cfra Research raised Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Finally, Citizens Jmp decreased their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.73.

Trade Desk Trading Up 0.4%

NASDAQ TTD traded up $0.37 during mid-day trading on Tuesday, hitting $85.00. The company's stock had a trading volume of 6,970,641 shares, compared to its average volume of 14,643,414. The company's 50 day simple moving average is $74.15 and its 200 day simple moving average is $76.42. 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 $41.77 billion, a price-to-earnings ratio of 103.66, a PEG ratio of 3.85 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its 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 during 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 business's revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. As a group, research analysts forecast that Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer directly owned 17,018 shares in the company, valued at $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. Corporate insiders own 9.74% of the company's stock.

Institutional Trading of Trade Desk

Several hedge funds have recently added to or reduced their stakes in TTD. Vanguard Group Inc. raised its position in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after buying an additional 1,567,491 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Trade Desk by 198.4% in 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. Invesco Ltd. boosted its position in shares of Trade Desk by 2.6% in the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company's stock worth $930,477,000 after buying an additional 198,822 shares during the period. Norges Bank acquired a new stake in shares of Trade Desk during the fourth quarter valued at about $524,187,000. Finally, FMR LLC grew its holdings in Trade Desk by 44.8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company's stock worth $445,237,000 after acquiring an additional 1,172,082 shares in the last quarter. Institutional investors and hedge funds 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.