The Trade Desk (NASDAQ:TTD) Receives Average Rating of “Hold” from Brokerages

Shares of The Trade Desk (NASDAQ:TTD) have received an average rating of “Hold” from the thirty-eight analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.9118.

A number of research analysts recently commented on TTD shares. Scotiabank set a $20.00 price objective on shares of Trade Desk in a research report on Monday, May 11th. BMO Capital Markets lowered their price objective on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Arete Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price objective on the stock in a research report on Monday, March 16th. Moffett Nathanson reaffirmed a “neutral” rating and set a $32.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. Finally, Guggenheim lowered their price objective on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 8th.

Trade Desk Stock Performance

Shares of TTD opened at $17.70 on Thursday. The company’s 50 day moving average price is $21.35 and its 200 day moving average price is $27.03. Trade Desk has a 52 week low of $17.21 and a 52 week high of $91.45. The company has a market capitalization of $8.32 billion, a PE ratio of 20.11, a PEG ratio of 0.87 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts forecast that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a share buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is owned by company insiders.

Institutional Trading of Trade Desk

A number of institutional investors have recently added to or reduced their stakes in TTD. Brighton Jones LLC lifted its stake in Trade Desk by 3.8% in the fourth 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 Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after acquiring an additional 485 shares during the last quarter. Woodline Partners LP lifted its stake in 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 acquiring an additional 2,269 shares during the last quarter. Cerity Partners LLC lifted its stake in Trade Desk by 46.6% in the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock valued at $4,304,000 after acquiring an additional 19,015 shares during the last quarter. Finally, AXA S.A. lifted its stake in Trade Desk by 14.7% in the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after acquiring an additional 5,487 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.