Trade Desk (NASDAQ:TTD) Upgraded to “Buy” by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Trade Desk (NASDAQ:TTD) from a hold rating to a buy rating in a research note released on Thursday, Marketbeat.com reports. They currently have $105.00 price target on the technology company’s stock, up from their prior price target of $95.00.

Other equities research analysts have also issued reports about the stock. Stephens reaffirmed an overweight rating and set a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Wells Fargo & Company boosted their target price on shares of Trade Desk from $73.00 to $80.00 and gave the stock an overweight rating in a report on Wednesday, January 17th. Benchmark boosted their target price on shares of Trade Desk from $32.00 to $42.00 and gave the stock a sell rating in a report on Friday, February 16th. Seaport Res Ptn reissued a neutral rating on shares of Trade Desk in a report on Monday, February 12th. Finally, KeyCorp boosted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an overweight rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $90.38.

Trade Desk Stock Performance

Shares of Trade Desk stock traded up $0.47 during midday trading on Thursday, hitting $88.59. 3,778,002 shares of the company traded hands, compared to its average volume of 2,871,066. The stock has a market cap of $43.32 billion, a price-to-earnings ratio of 246.09, a PEG ratio of 4.86 and a beta of 1.50. The firm’s fifty day moving average price is $83.69 and its 200-day moving average price is $75.83. Trade Desk has a 12 month low of $60.23 and a 12 month high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $605.80 million for the quarter, compared to the consensus estimate of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. Equities research analysts forecast that Trade Desk will post 0.79 earnings per share for the current year.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the transaction, the insider now owns 52,387 shares in the company, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders have sold 642,170 shares of company stock worth $53,970,398 in the last quarter. Company insiders own 10.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTD. Baron Wealth Management LLC bought a new stake in shares of Trade Desk in the 3rd quarter worth $270,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Trade Desk by 41.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 207,465 shares of the technology company’s stock worth $16,213,000 after acquiring an additional 60,503 shares in the last quarter. Dakota Wealth Management grew its stake in shares of Trade Desk by 40.3% in the 3rd quarter. Dakota Wealth Management now owns 14,188 shares of the technology company’s stock worth $1,109,000 after acquiring an additional 4,073 shares in the last quarter. Raymond James & Associates grew its stake in shares of Trade Desk by 10.7% in the 3rd quarter. Raymond James & Associates now owns 223,656 shares of the technology company’s stock worth $17,479,000 after acquiring an additional 21,683 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Trade Desk by 4.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 262,657 shares of the technology company’s stock worth $20,527,000 after acquiring an additional 10,531 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.