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

The Trade Desk (NASDAQ:TTD) has earned an average recommendation of “Hold” from the thirty-eight analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $33.4294.

TTD has been the subject of a number of recent research reports. Oppenheimer downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Morgan Stanley set a $26.00 price target on Trade Desk in a research report on Friday, May 8th. Weiss Ratings cut Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a research report on Friday, May 8th. Finally, DA Davidson set a $29.00 price objective on Trade Desk and gave the stock a “buy” rating in a research note on Monday, May 11th.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $18.59 on Monday. Trade Desk has a 52-week low of $16.98 and a 52-week high of $91.45. The firm has a 50 day moving average price of $19.89 and a two-hundred day moving average price of $24.77. The stock has a market cap of $8.74 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 0.90 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 the consensus estimate of $0.32 by ($0.24). The business had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. Trade Desk’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Analysts predict that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after acquiring an additional 26,559,005 shares in the last quarter. Norges Bank acquired a new position in shares of Trade Desk in the 4th quarter valued at about $197,550,000. Federated Hermes Inc. boosted its position in shares of Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after purchasing an additional 4,298,009 shares in the last quarter. Voloridge Investment Management LLC boosted its position in shares of Trade Desk by 676.6% during the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock valued at $159,739,000 after purchasing an additional 3,666,189 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after purchasing an additional 3,421,074 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.