Loop Capital Boosts Trade Desk (NASDAQ:TTD) Price Target to $145.00

Trade Desk (NASDAQ:TTD) had its price objective raised by Loop Capital from $120.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other equities analysts also recently weighed in on the company. Macquarie boosted their price target on Trade Desk from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Evercore ISI raised Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Bank of America initiated coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Wedbush lifted their target price on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $122.65.

Trade Desk Price Performance

Shares of TTD opened at $125.88 on Monday. The company has a market cap of $61.88 billion, a PE ratio of 206.36, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47. The firm has a 50-day moving average of $114.89 and a 200-day moving average of $102.26. Trade Desk has a one year low of $61.47 and a one year high of $132.65.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,548,289 shares of company stock worth $169,165,185. Insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at about $30,000. Avior Wealth Management LLC increased its holdings in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $37,000. Institutional investors 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.