The Trade Desk, Inc. (NASDAQ:TTD) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Trade Desk, Inc. (NASDAQ:TTD) has been assigned a consensus rating of “Moderate Buy” from the thirty ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $133.13.

TTD has been the topic of a number of analyst reports. JMP Securities initiated coverage on Trade Desk in a research note on Tuesday. They set a “mkt outperform” rating and a $150.00 price objective on the stock. Truist Financial boosted their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Robert W. Baird boosted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley boosted their target price on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, January 13th.

Trade Desk Stock Performance

NASDAQ TTD opened at $120.69 on Thursday. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 197.85, a PEG ratio of 3.94 and a beta of 1.45. The stock’s 50 day moving average price is $125.93 and its two-hundred day moving average price is $113.29. Trade Desk has a 52 week low of $66.56 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, equities research analysts forecast that Trade Desk will post 0.87 EPS for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. boosted its stake in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after buying an additional 1,720,650 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares during the last quarter. Edgewood Management LLC boosted its stake in shares of Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after buying an additional 270,800 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock worth $286,867,000 after buying an additional 32,999 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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.