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

The Trade Desk (NASDAQ:TTD) has earned an average rating of “Hold” from the thirty-seven analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.9118.

TTD has been the subject of several recent research reports. DA Davidson set a $32.00 price target on Trade Desk in a research report on Thursday, March 5th. Moffett Nathanson restated a “neutral” rating and issued a $32.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective (down from $65.00) on shares of Trade Desk in a research note on Monday, February 23rd. Rosenblatt Securities dropped their price objective on Trade Desk from $53.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, UBS Group cut their target price on shares of Trade Desk from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, February 26th.

Insider Activity at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.00% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

A number of hedge funds have recently bought and sold shares of TTD. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after purchasing an additional 485 shares during the period. Woodline Partners LP grew its position in shares of Trade Desk by 75.5% in the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock valued at $289,000 after purchasing an additional 2,269 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Trade Desk by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 93,329 shares of the technology company’s stock valued at $6,719,000 after purchasing an additional 810 shares during the period. Finally, Candriam S.C.A. grew its position in shares of Trade Desk by 0.9% in the second quarter. Candriam S.C.A. now owns 25,571 shares of the technology company’s stock valued at $1,841,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $27.08 on Tuesday. The company’s 50 day simple moving average is $29.85 and its 200-day simple moving average is $39.73. The firm has a market capitalization of $13.10 billion, a PE ratio of 30.09, a P/E/G ratio of 1.08 and a beta of 1.13. Trade Desk has a 12 month low of $21.08 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The firm had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. During the same period in the previous year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 25th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.