Trade Desk (NASDAQ:TTD) Hits New 1-Year Low – Here’s Why

The Trade Desk (NASDAQ:TTD)’s share price reached a new 52-week low on Friday . The stock traded as low as $25.64 and last traded at $25.9810, with a volume of 3468949 shares trading hands. The stock had previously closed at $26.14.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank Of Canada set a $80.00 price objective on Trade Desk and gave the stock an “outperform” rating in a report on Friday, November 7th. Citigroup decreased their price objective on Trade Desk from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Guggenheim reiterated a “buy” rating and set a $50.00 target price (down from $55.00) on shares of Trade Desk in a report on Monday, January 5th. Morgan Stanley reduced their price target on shares of Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Finally, Wedbush dropped their price objective on shares of Trade Desk from $50.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.45.

Trade Desk Trading Down 0.8%

The stock has a market cap of $12.54 billion, a PE ratio of 29.80, a P/E/G ratio of 1.07 and a beta of 1.10. The business’s 50-day moving average price is $35.10 and its 200-day moving average price is $46.19.

Trade Desk declared that its board has initiated a stock buyback program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transce3nd LLC purchased a new stake in shares of Trade Desk during the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk during the 2nd quarter valued at approximately $28,000. Estabrook Capital Management purchased a new position in shares of Trade Desk in the second quarter worth $36,000. Family Legacy Financial Solutions LLC lifted its stake in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after buying an additional 310 shares during the period. Finally, Versant Capital Management Inc grew its holdings in shares of Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after buying an additional 334 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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.