Trade Desk (NASDAQ:TTD) Stock Rating Upgraded by Jefferies Financial Group

Trade Desk (NASDAQ:TTD) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat reports. The firm presently has a $105.00 price objective on the technology company’s stock, up from their prior price objective of $95.00. Jefferies Financial Group’s target price indicates a potential upside of 18.52% from the company’s previous close.

Other analysts also recently issued research reports about the company. Benchmark boosted their price objective on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a report on Thursday, March 21st. KeyCorp lifted their price objective on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. BTIG Research upped their target price on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, Susquehanna lifted their price target on shares of Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.38.

Trade Desk Stock Up 0.5 %

TTD traded up $0.47 during trading hours on Thursday, hitting $88.59. The stock had a trading volume of 3,778,002 shares, compared to its average volume of 2,871,066. The stock has a market cap of $43.32 billion, a PE ratio of 246.09, a price-to-earnings-growth ratio of 4.86 and a beta of 1.50. Trade Desk has a 1 year low of $60.23 and a 1 year high of $94.00. The company’s fifty day simple moving average is $83.69 and its 200 day simple moving average is $75.83.

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

Insider Activity

In related news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 2,600 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $86.41, for a total transaction of $224,666.00. Following the sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at approximately $84,165,241.02. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock valued at $53,970,398 over the last three months. Insiders own 10.18% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Institutional investors have recently bought and sold shares of the stock. Baron Wealth Management LLC bought a new position in shares of Trade Desk in the third quarter worth approximately $270,000. Robeco Institutional Asset Management B.V. boosted its holdings in 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 buying an additional 60,503 shares during the period. Dakota Wealth Management raised its holdings in Trade Desk by 40.3% during the third quarter. Dakota Wealth Management now owns 14,188 shares of the technology company’s stock valued at $1,109,000 after acquiring an additional 4,073 shares during the period. Raymond James & Associates lifted its position in shares of Trade Desk by 10.7% in the third quarter. Raymond James & Associates now owns 223,656 shares of the technology company’s stock valued at $17,479,000 after acquiring an additional 21,683 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Trade Desk by 4.2% in the third 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 during the period. 67.77% of the stock is owned by 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.