Trade Desk (NASDAQ:TTD) Earns Neutral Rating from Wedbush

Trade Desk (NASDAQ:TTD)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a research report issued on Tuesday, Benzinga reports. They presently have a $15.00 price objective on the technology company’s stock. Wedbush‘s target price would suggest a potential downside of 1.20% from the stock’s previous close.

Several other brokerages also recently issued reports on TTD. Raymond James Financial downgraded shares of Trade Desk from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. DA Davidson upgraded Trade Desk to a “hold” rating in a report on Monday, October 5th. Truist Financial set a $17.00 price target on Trade Desk in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Trade Desk in a report on Friday, September 11th. Finally, Wells Fargo & Company set a $12.00 price objective on Trade Desk and gave the company an “equal weight” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $18.49.

Trade Desk Stock Up 1.7%

Shares of TTD traded up $0.25 during trading hours on Tuesday, hitting $15.18. The company had a trading volume of 23,991,487 shares, compared to its average volume of 20,251,090. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.43 and a beta of 0.98. The business has a fifty day moving average of $13.09 and a 200-day moving average of $19.52. Trade Desk has a 12 month low of $11.62 and a 12 month high of $45.50.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.29. The company had revenue of $735.97 million during the quarter, compared to analysts’ expectations of $650.93 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. Trade Desk’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. On average, equities analysts expect that Trade Desk will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Tema ETFs LLC raised its holdings in shares of Trade Desk by 9.5% during the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock valued at $151,000 after acquiring an additional 725 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Trade Desk by 4.1% in the first quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company’s stock worth $567,000 after acquiring an additional 983 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Trade Desk by 159.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,247 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Trade Desk by 6.3% in the second quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock valued at $396,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Trade Desk by 13.4% in the first quarter. Chicago Partners Investment Group LLC now owns 12,707 shares of the technology company’s stock valued at $299,000 after acquiring an additional 1,498 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

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

• Positive Sentiment: Third-quarter adjusted earnings of $0.33 per share and revenue of about $736 million exceeded analyst expectations. The company also forecast fourth-quarter revenue of $755 million, above the roughly $692 million consensus—supporting optimism that business is holding up better than feared. Earnings report
• Positive Sentiment: A 15% workforce reduction is expected to generate more than $100 million in gross savings in 2027. The company also expanded its share-repurchase authorization, adding potential support for earnings per share and shareholder returns. Workforce and savings details Buyback authorization
• Positive Sentiment: Needham reiterated its Buy rating with a $19 target, while RBC raised its target to $18 and Guggenheim lifted its target to $16; both retained neutral-equivalent ratings. Analyst rating RBC rating Guggenheim rating
• Neutral Sentiment: CEO Jeff Green highlighted AI and connected-TV opportunities, including new AI tools, as potential growth drivers. Their eventual contribution remains to be demonstrated. AI and connected TV commentary
• Negative Sentiment: Revenue was down 0.5% year over year, and EPS was below the year-ago result. Management acknowledged growth remains below its own expectations; after an initial earnings-driven rally, shares gave back ground as investors weighed that caution. Market reaction and growth concerns

About Trade Desk

The Trade Desk, Inc provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display.

The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk serves clients in markets around the world.