Trade Desk (NASDAQ:TTD) had its target price hoisted by equities research analysts at Citigroup from $69.00 to $76.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 29.12% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Jefferies Group reissued a “buy” rating and set a $63.00 price target on shares of Trade Desk in a research report on Friday, November 10th. Vetr raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 price target on the stock in a research report on Thursday, November 9th. Royal Bank of Canada raised their price target on shares of Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Stifel Nicolaus started coverage on shares of Trade Desk in a research report on Thursday, January 18th. They set a “buy” rating and a $62.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Trade Desk has a consensus rating of “Buy” and a consensus price target of $66.05.
Trade Desk (NASDAQ:TTD) opened at $58.86 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.56 and a debt-to-equity ratio of 0.11. Trade Desk has a 12-month low of $34.79 and a 12-month high of $67.30. The firm has a market cap of $2,460.00 and a PE ratio of 51.18.
In other Trade Desk news, insider Jeffrey Terry Green sold 9,000 shares of Trade Desk stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $47.61, for a total value of $428,490.00. Following the sale, the insider now owns 113,744 shares of the company’s stock, valued at $5,415,351.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Robert David Perdue sold 513 shares of Trade Desk stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $50.00, for a total transaction of $25,650.00. Following the completion of the sale, the chief operating officer now directly owns 133,956 shares in the company, valued at approximately $6,697,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 795,435 shares of company stock worth $45,360,734. Insiders own 26.87% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its stake in shares of Trade Desk by 129.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,550 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,038 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $169,000. Circle Wealth Management LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $202,000. Finally, Crow Point Partners LLC purchased a new position in shares of Trade Desk in the fourth quarter worth about $214,000. 74.29% of the stock is currently owned by institutional investors and hedge funds.
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About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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