Trade Desk (NASDAQ:TTD) Rating Increased to Hold at HSBC

HSBC upgraded shares of Trade Desk (NASDAQ:TTD) from a reduce rating to a hold rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has $20.00 price target on the technology company’s stock.

A number of other research analysts have also weighed in on TTD. Needham & Company LLC reduced their price objective on Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Scotiabank set a $20.00 price target on Trade Desk in a research report on Monday, May 11th. Evercore set a $27.00 price target on Trade Desk in a research report on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $21.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.52.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $19.07 on Wednesday. Trade Desk has a 1 year low of $16.98 and a 1 year high of $91.45. The company’s 50-day moving average is $20.51 and its 200 day moving average is $25.68. The stock has a market capitalization of $8.96 billion, a P/E ratio of 21.67, a P/E/G ratio of 0.93 and a beta of 1.04.

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

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction on Thursday, May 28th. The stock was 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 owned 13,099 shares of the company’s stock, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.41% of the stock is owned by insiders.

Institutional Investors Weigh In On Trade Desk

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nicholas Company Inc. lifted its holdings in Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after purchasing an additional 127,049 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in shares of Trade Desk by 272.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after acquiring an additional 50,209 shares during the period. Jericho Capital Asset Management L.P. raised its stake in Trade Desk by 86.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Trade Desk by 235.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock worth $22,330,000 after buying an additional 412,842 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Trade Desk by 21.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 308,982 shares of the technology company’s stock worth $11,729,000 after acquiring an additional 54,037 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk News Summary

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

• Positive Sentiment: HSBC upgraded The Trade Desk from “reduce” to “hold” and set a $20 price target, suggesting the stock may have some near-term upside from current levels. HSBC upgrade coverage
• Positive Sentiment: The Trade Desk announced a new no-code integration with Invoca that links AI-powered lead and conversion data to the Trade Desk Marketplace, improving attribution and omnichannel measurement for advertisers. Invoca joins The Trade Desk Marketplace
• Positive Sentiment: Some valuation-focused commentary says Trade Desk looks relatively attractive on broader checks, with the stock appearing cheap compared with earnings and other valuation measures. Undervalued stock comparison
• Neutral Sentiment: Investor interest in TTD has increased, but this appears to be more of a sentiment watch item than a direct fundamental catalyst. Zacks investor attention article
• Neutral Sentiment: Articles noting that The Trade Desk fell sharply in June mostly reiterate concerns about slowing growth and competition rather than introducing a new business development. Why The Trade Desk Fell 16% in June
• Negative Sentiment: Persistent worries about slower growth and increased competition for ad budgets remain the main reason investors are cautious on Trade Desk, limiting enthusiasm despite the new partnership and valuation arguments. Trade Desk stock looks about right

Trade Desk Company Profile

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.