Brokerages Set The Trade Desk (NASDAQ:TTD) PT at $19.33

Shares of The Trade Desk (NASDAQ:TTD) have been assigned a consensus rating of “Reduce” from the thirty-nine analysts that are presently covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.36.

A number of research firms recently weighed in on TTD. Robert W. Baird set a $9.00 price target on Trade Desk and gave the company a “neutral” rating in a research report on Friday, August 7th. UBS Group set a $16.00 price objective on Trade Desk and gave the stock a “buy” rating in a report on Friday, August 7th. Susquehanna lowered shares of Trade Desk from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $14.00 in a research note on Friday, August 7th. Cantor Fitzgerald decreased their target price on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th.

Trade Desk News Roundup

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

• Positive Sentiment: Management’s reported plan to reduce its workforce by approximately 15% could lower operating expenses and improve profitability, although investors may also interpret the move as evidence of slowing growth. The Trade Desk Plans to Cut 15% of Its Workforce
• Neutral Sentiment: RBC reaffirmed its “sector perform” rating and assigned a $15 price target, implying limited upside from the referenced share price. The mixed analyst view leaves investors without a strong consensus signal. Trade Desk Receives a Sell from Citi
• Neutral Sentiment: Reports are directing investors’ attention to September 21, which could represent an upcoming catalyst for the stock, but the available information does not specify what event is expected. Mark Your Calendars for September 21
• Negative Sentiment: Citi reportedly initiated or reiterated a “sell” view on TTD, adding to concerns about valuation, execution and the company’s ability to regain investor confidence. Trade Desk Receives a Sell from Citi
• Negative Sentiment: The Trade Desk sat out a rally in Digital Turbine and AppLovin, suggesting investors are favoring other parts of the advertising technology chain over TTD. Ad-Tech Rally Leaves Trade Desk Behind
• Negative Sentiment: Commentary is increasingly split between viewing TTD’s roughly 90% decline from its peak as a value opportunity and viewing it as a value trap. That uncertainty reflects weak sentiment following disappointing recent earnings and concerns over future growth. Is This a 90% Discount or a Ticking Time Bomb?
• Negative Sentiment: Potential removal from the S&P 500 could create additional forced selling and passive-fund outflows, even if some analysts believe it may produce a capitulation low. S&P 500 Removal Likely Creates a Capitulation Low
• Neutral Sentiment: The reported September short-interest figure is zero, with an invalid percentage change and a zero-day days-to-cover ratio. This appears to be a data-quality issue rather than evidence of meaningful short-covering or bearish positioning.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Nicholas Company Inc. raised its position in Trade Desk by 14.3% in the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after purchasing an additional 127,049 shares during the last quarter. Deane Retirement Strategies Inc. acquired a new stake in shares of Trade Desk in the 2nd quarter valued at $2,101,000. Leonteq Securities AG bought a new stake in shares of Trade Desk during the fourth quarter worth $2,768,000. Jefferies Financial Group Inc. raised its position in shares of Trade Desk by 180.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 94,303 shares of the technology company’s stock worth $3,580,000 after acquiring an additional 60,717 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Trade Desk by 32.1% during the first quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company’s stock valued at $32,872,000 after acquiring an additional 351,771 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $13.97 on Tuesday. Trade Desk has a 1 year low of $12.83 and a 1 year high of $56.39. The business’s fifty day moving average is $16.22 and its two-hundred day moving average is $20.09. The stock has a market capitalization of $6.56 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.55 and a beta of 1.01.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. On average, research analysts forecast that Trade Desk will post 0.51 earnings per share for the current year.

Trade Desk Company Profile

The Trade Desk, Inc is a technology company that provides a self-service, cloud-based platform for digital advertising. Its platform enables advertising agencies and brands to plan, purchase, optimize and measure data-driven advertising campaigns across multiple channels and devices.

The company’s platform supports programmatic buying for display, video, connected television, audio, native and other forms of digital media. Its services are designed to help advertisers use audience data, automation and analytics to reach targeted consumers while managing campaigns across a range of publishers and media environments.

The Trade Desk was founded in 2009 by Jeff Green and Dave Pickles.