Trade Desk (NASDAQ:TTD) Shares Gap Down – Time to Sell?

Shares of The Trade Desk (NASDAQ:TTD) gapped down prior to trading on Thursday . The stock had previously closed at $22.29, but opened at $21.24. Trade Desk shares last traded at $21.4480, with a volume of 3,661,815 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets cut their target price on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. UBS Group set a $31.00 price objective on shares of Trade Desk and gave the stock a “buy” rating in a research note on Tuesday, April 21st. DA Davidson set a $29.00 target price on Trade Desk and gave the company a “buy” rating in a report on Monday, May 11th. Benchmark cut their price objective on Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.91.

Trade Desk Stock Down 4.9%

The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 1.07 and a beta of 1.10. The business has a 50-day moving average of $22.37 and a two-hundred day moving average of $29.98.

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

Trade Desk announced that its board has authorized a share repurchase 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 repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of Trade Desk stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.41% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently added to or reduced their stakes in TTD. State Street Corp boosted its holdings in Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares in the last quarter. Norges Bank acquired a new stake in Trade Desk during the fourth quarter valued at approximately $197,550,000. Federated Hermes Inc. boosted its holdings in Trade Desk by 1,041.1% during the fourth 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. Finally, Voloridge Investment Management LLC boosted its holdings in Trade Desk by 676.6% during the fourth 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. 67.77% of the stock is owned by institutional investors and hedge funds.

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.