The Trade Desk (NASDAQ:TTD) Given Average Recommendation of “Hold” by Brokerages

Shares of The Trade Desk (NASDAQ:TTD) have been given an average recommendation of “Hold” by the thirty-nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $67.7576.

A number of research firms have recently commented on TTD. Truist Financial lowered their target price on Trade Desk from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Morgan Stanley decreased their price target on shares of Trade Desk from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Guggenheim reiterated a “buy” rating and set a $50.00 price objective (down previously from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, BNP Paribas Exane assumed coverage on shares of Trade Desk in a research report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 target price on the stock.

Trade Desk Trading Down 0.7%

Shares of TTD stock opened at $36.55 on Monday. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. Trade Desk has a 12-month low of $34.00 and a 12-month high of $125.80. The stock’s 50-day moving average price is $38.04 and its 200-day moving average price is $50.81.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. As a group, research analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently modified their holdings of TTD. Patten Group Inc. bought a new stake in shares of Trade Desk during the fourth quarter worth about $456,000. Forefront Wealth Management Inc. purchased a new stake in shares of Trade Desk in the fourth quarter valued at about $231,000. Integrated Financial Solutions Inc. lifted its position in shares of Trade Desk by 21.0% during the fourth quarter. Integrated Financial Solutions Inc. now owns 37,145 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 6,435 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Trade Desk by 1.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,324,526 shares of the technology company’s stock worth $88,239,000 after purchasing an additional 33,599 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in Trade Desk in the 4th quarter worth about $285,000. 67.77% of the stock is owned by institutional investors.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.