Trade Desk (TTD) PT Raised to $132.00
Trade Desk (NASDAQ:TTD) had its price target boosted by Citigroup from $118.00 to $132.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 3.18% from the stock’s current price.
TTD has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of Trade Desk to $80.00 and gave the company an “outperform” rating in a report on Friday, May 11th. ValuEngine upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Macquarie upgraded shares of Trade Desk to a “buy” rating and upped their target price for the company from $95.00 to $130.00 in a report on Friday. Susquehanna Bancshares upped their target price on shares of Trade Desk from $81.00 to $105.00 and gave the company a “positive” rating in a report on Thursday, June 14th. Finally, Oppenheimer upped their target price on shares of Trade Desk to $101.00 and gave the company an “outperform” rating in a report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $95.11.
Trade Desk opened at $127.93 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 107.50, a PEG ratio of 2.88 and a beta of 2.04. Trade Desk has a 12-month low of $40.70 and a 12-month high of $130.84.
In related news, CFO Paul Ross sold 4,382 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $80.90, for a total value of $354,503.80. Following the transaction, the chief financial officer now owns 65,345 shares in the company, valued at $5,286,410.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Terry Green sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $86.10, for a total transaction of $774,900.00. Following the completion of the transaction, the insider now owns 77,819 shares in the company, valued at approximately $6,700,215.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 539,340 shares of company stock worth $48,765,433. Insiders own 26.87% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new position in Trade Desk in the second quarter valued at approximately $147,000. Strs Ohio purchased a new position in Trade Desk in the second quarter valued at approximately $187,000. CAPROCK Group Inc. purchased a new position in Trade Desk in the second quarter valued at approximately $201,000. Sawtooth Solutions LLC purchased a new position in Trade Desk in the second quarter valued at approximately $219,000. Finally, Xact Kapitalforvaltning AB purchased a new position in Trade Desk in the first quarter valued at approximately $228,000. Hedge funds and other institutional investors own 73.93% of the company’s stock.
About Trade Desk
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
See Also: Growth Stocks
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.