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

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

TTD has been the subject of several research analyst reports. Rothschild & Co Redburn initiated coverage on Trade Desk in a research note on Thursday, May 28th. They set a “sell” rating and a $11.00 target price for the company. Wedbush set a $21.00 price target on shares of Trade Desk and gave the company a “neutral” rating in a research note on Friday, May 8th. Arete Research set a $11.60 price target on shares of Trade Desk and gave the company a “sell” rating in a report on Tuesday, June 30th. Evercore set a $27.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. Finally, Citigroup reissued a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction 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 directly owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.41% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

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

Trade Desk Stock Performance

Shares of TTD opened at $17.29 on Monday. Trade Desk has a 52-week low of $16.70 and a 52-week high of $91.45. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 0.84 and a beta of 1.04. The business’s fifty day moving average is $19.57 and its 200-day moving average is $24.04.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share 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 return on equity of 16.91% and a net margin of 14.57%.Trade Desk’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, research analysts forecast that Trade Desk will post 1.17 EPS for the current fiscal year.

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.