Jefferies Group Begins Coverage on Trade Desk Inc (TTD)
Stock analysts at Jefferies Group began coverage on shares of Trade Desk Inc (NYSE:TTD) in a report released on Monday. The firm set a “buy” rating and a $35.00 price target on the stock. Jefferies Group’s target price would indicate a potential upside of 33.23% from the stock’s current price.
TTD has been the subject of a number of other research reports. Cantor Fitzgerald initiated coverage on shares of Trade Desk in a research report on Wednesday, October 5th. They issued a “buy” rating and a $30.00 price objective for the company. Susquehanna initiated coverage on shares of Trade Desk in a research report on Friday, September 23rd. They issued a “positive” rating and a $40.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $33.13.
Shares of Trade Desk (NYSE:TTD) traded down 0.34% during midday trading on Monday, reaching $26.27. The company’s stock had a trading volume of 337,580 shares. The stock’s 50-day moving average is $27.35 and its 200 day moving average is $27.35. Trade Desk has a 12 month low of $23.50 and a 12 month high of $33.40. The stock’s market capitalization is $289.89 million.
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In other news, Director Eric B. Paley sold 299,979 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $18.00, for a total value of $5,399,622.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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