Trade Desk (NASDAQ:TTD) Upgraded at Jefferies Financial Group

Trade Desk (NASDAQ:TTD) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, FinViz reports. The brokerage presently has a $105.00 price objective on the technology company’s stock, up from their previous price objective of $95.00. Jefferies Financial Group’s price target suggests a potential upside of 22.94% from the company’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Truist Financial boosted their price objective on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Oppenheimer raised their target price on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Finally, Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.38.

Trade Desk Stock Up 3.1 %

Shares of Trade Desk stock opened at $85.41 on Thursday. The business has a 50-day moving average price of $83.45 and a 200 day moving average price of $75.69. Trade Desk has a fifty-two week low of $60.23 and a fifty-two week high of $94.00. The firm has a market cap of $41.76 billion, a P/E ratio of 237.26, a P/E/G ratio of 4.57 and a beta of 1.50.

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

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Laura Schenkein sold 3,391 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $303,596.23. Following the completion of the transaction, the chief financial officer now owns 653,366 shares in the company, valued at approximately $58,495,857.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 642,170 shares of company stock valued at $53,970,398. Company 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. Jennison Associates LLC lifted its stake in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares during the last quarter. Norges Bank acquired a new position in Trade Desk during the 4th quarter worth $255,316,000. ARK Investment Management LLC boosted its holdings in Trade Desk by 1,162.0% during the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after acquiring an additional 1,979,319 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Trade Desk in the third quarter valued at about $99,035,000. Finally, International Assets Investment Management LLC increased its stake in shares of Trade Desk by 6,600.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock worth $78,549,000 after purchasing an additional 1,075,269 shares during the period. 67.77% of the stock is currently owned by institutional investors.

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.