Trade Desk (NASDAQ:TTD) Raised to Neutral at New Street Research

New Street Research upgraded shares of Trade Desk (NASDAQ:TTD) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have $115.00 target price on the technology company’s stock, up from their previous target price of $85.00.

Other analysts also recently issued research reports about the stock. Susquehanna reissued a “positive” rating and issued a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. Stifel Nicolaus upped their price objective on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. KeyCorp boosted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BTIG Research lifted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Wedbush upped their target price on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.66.

Trade Desk Stock Down 0.3 %

Shares of TTD opened at $129.35 on Monday. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The company has a market cap of $63.84 billion, a PE ratio of 212.05, a P/E/G ratio of 5.88 and a beta of 1.47. The business has a fifty day moving average of $117.38 and a 200 day moving average of $103.98.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the transaction, the director now owns 29,991 shares in the company, valued at $3,269,019. This represents a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently bought and sold shares of TTD. CAP Partners LLC raised its stake in Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after purchasing an additional 86 shares during the period. Allworth Financial LP increased 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 worth $410,000 after acquiring an additional 97 shares during the last quarter. Apella Capital LLC lifted its stake in shares of Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after purchasing an additional 100 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Trade Desk by 37.7% during 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 during the period. Finally, Advisory Resource Group raised its holdings in Trade Desk by 1.0% in the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after buying an additional 101 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.