Truist Financial Issues Positive Forecast for Trade Desk (NASDAQ:TTD) Stock Price

by · The Cerbat Gem

Trade Desk (NASDAQ:TTD – Free Report) had its price target raised by Truist Financial from $120.00 to $135.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research firms also recently weighed in on TTD. New Street Research downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a research note on Tuesday, October 29th. Macquarie increased their price target on Trade Desk from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Susquehanna boosted their price objective on Trade Desk from $135.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday. Loop Capital increased their target price on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $120.69.

Get Our Latest Research Report on Trade Desk

Trade Desk Trading Down 5.6 %

NASDAQ TTD traded down $7.40 on Friday, hitting $125.13. 13,646,214 shares of the company’s stock were exchanged, compared to its average volume of 3,818,373. Trade Desk has a 52 week low of $60.23 and a 52 week high of $132.65. The stock has a 50-day moving average of $112.83 and a 200-day moving average of $101.00. The stock has a market cap of $61.51 billion, a price-to-earnings ratio of 205.13, a P/E/G ratio of 6.00 and a beta of 1.47.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. As a group, analysts predict that Trade Desk will post 0.86 earnings per share for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $68,930,351.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,897 shares of company stock worth $170,121,565. Insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in TTD. CAP Partners LLC grew its holdings in Trade Desk by 1.4% during the 3rd 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 in the last quarter. Allworth Financial LP grew its stake in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after acquiring an additional 97 shares in the last quarter. Apella Capital LLC increased its holdings in 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 acquiring an additional 100 shares during the period. Avior Wealth Management LLC lifted its stake in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in Trade Desk by 1.0% in the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares during the period. 67.77% of the stock is currently owned by institutional investors.

About Trade Desk

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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.

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