The Trade Desk, Inc. (NASDAQ:TTD) Given Average Recommendation of “Moderate Buy” by Analysts
From MarketBeat LLC:
The Trade Desk, Inc. (NASDAQ:TTD) stock has a “Moderate Buy” rating from 27 research firms, with an average 1-year price objective of $82.81. Market analysts have issued buy, hold, and sell recommendations for the company, with Royal Bank of Canada lowering its target price to $90.00 and Wells Fargo & Company raising the price objective to $80.00. Insider buying and selling, including CFO and Director sales, has occurred, with a total of 11,610 shares worth $798,404 sold by company insiders in the last 90 days. Trade Desk shares have been down 1.2%, opening at $68.43, with a market capitalization of $33.55 billion and a P/E ratio of 220.74.
Several hedge funds and other institutional investors have bought and sold shares of TTD in the 1st quarter, including MetLife Investment Management LLC, Synovus Financial Corp, Vontobel Holding Ltd., Aviva PLC, and National Pension Service. 68.23% of the stock is owned by institutional investors and hedge funds.
Trade Desk operates a self-service cloud-based platform for data-driven digital advertising campaigns across various formats and channels, such as video, display, audio, native, and social, on computers, mobile devices, televisions, and streaming devices.(Initialized by MarketBeat)
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