Trade Desk (NASDAQ:TTD) Cut to Hold at Cfra Research

Cfra Research lowered shares of Trade Desk (NASDAQ:TTD) from a moderate buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on TTD. Benchmark raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday, November 7th. UBS Group reiterated a “buy” rating and set a $50.00 target price (down previously from $82.00) on shares of Trade Desk in a research report on Tuesday, January 20th. Bank of America cut their target price on Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Cantor Fitzgerald set a $43.00 price target on Trade Desk and gave the company a “neutral” rating in a research note on Thursday, January 8th. Finally, Exane BNP Paribas raised Trade Desk to a “hold” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Trade Desk has a consensus rating of “Hold” and a consensus target price of $65.53.

Trade Desk Trading Down 1.9%

NASDAQ:TTD opened at $31.25 on Tuesday. Trade Desk has a 12-month low of $30.82 and a 12-month high of $125.80. The stock’s 50 day simple moving average is $37.44 and its 200-day simple moving average is $49.94. The firm has a market cap of $15.11 billion, a P/E ratio of 35.92, a PEG ratio of 1.25 and a beta of 1.11.

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

Trade Desk announced that its board has authorized a share repurchase program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Trade Desk

A number of institutional investors have recently bought and sold shares of the company. Family Legacy Financial Solutions LLC increased its position in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares in the last quarter. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares during the last quarter. Versant Capital Management Inc grew its stake in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC purchased a new position in Trade Desk during the 3rd quarter valued at about $26,000. Finally, Elevation Wealth Partners LLC raised its position in Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after acquiring an additional 691 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk News Roundup

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Xumo announced that advertisers can now access its premium streaming inventory directly via The Trade Desk’s OpenPath, which strengthens TTD’s supply relationships and programmatic streaming positioning. Xumo Expands Direct Access to Premium Streaming Inventory via The Trade Desk’s OpenPath
• Neutral Sentiment: Stifel’s Mark Kelley kept a Buy rating but cut his price target (from $90 to $74), signaling confidence in TTD’s long-term opportunity while tempering near-term upside. Optimism for Trade Desk (TTD) Following Solid Results Preview
• Neutral Sentiment: Scotiabank assigned a Hold to TTD, which signals caution but is not an active sell signal for investors weighing exposure. Trade Desk (TTD) Receives a Hold from Scotiabank
• Negative Sentiment: Citi issued a pessimistic forecast for TTD’s stock, contributing to bearish analyst momentum and downward pressure on the share price. Citigroup Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price
• Negative Sentiment: Rosenblatt cut its expectations for Trade Desk, adding to the string of lowered analyst outlooks. Rosenblatt Securities Has Lowered Expectations for Trade Desk (NASDAQ:TTD) Stock Price
• Negative Sentiment: CFRA moved from a “moderate buy” to a “hold” (and later reaffirmed the hold), reflecting reduced conviction from a previously more bullish analyst and signaling less near-term support. Cfra Reaffirms “Hold” Rating for Trade Desk (NASDAQ:TTD)
• Negative Sentiment: Coverage roundups and market stories note TTD hit a one-year low after the analyst downgrades, amplifying selling pressure and headline-driven volatility. Trade Desk (NASDAQ:TTD) Hits New 1-Year Low on Analyst Downgrade
• Negative Sentiment: Market commentary (e.g., Yahoo Finance) ties today’s share weakness to the cluster of downgrades and target cuts, which has pressured sentiment despite recent solid quarterly results. Why The Trade Desk Stock Is Plummeting Today

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.