Susquehanna Reiterates “Positive” Rating for Trade Desk (NASDAQ:TTD)

Susquehanna reiterated their positive rating on shares of Trade Desk (NASDAQ:TTD) in a research report released on Thursday morning,Benzinga reports. Susquehanna currently has a $150.00 target price on the technology company’s stock.

A number of other analysts have also recently commented on TTD. Bank of America initiated coverage on Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. Oppenheimer raised their target price on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company began coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Benchmark reaffirmed a “sell” rating and set a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.66.

Trade Desk Stock Performance

Shares of TTD opened at $129.70 on Thursday. The business’s fifty day moving average price is $117.38 and its two-hundred day moving average price is $103.98. The firm has a market capitalization of $64.02 billion, a price-to-earnings ratio of 212.62, a PEG ratio of 5.88 and a beta of 1.47. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds have recently added to or reduced their stakes in TTD. CAP Partners LLC boosted its position in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares during the last quarter. Allworth Financial LP boosted its holdings in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the last quarter. Apella Capital LLC lifted its position in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after buying an additional 100 shares in the last quarter. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. Finally, Advisory Resource Group raised its position in Trade Desk by 1.0% in the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 101 shares during the period. 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.