Trade Desk (NASDAQ:TTD) Shares Gap Up – What’s Next?

The Trade Desk (NASDAQ:TTD)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $19.53, but opened at $20.28. Trade Desk shares last traded at $20.0650, with a volume of 1,987,390 shares trading hands.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Scotiabank set a $20.00 price objective on shares of Trade Desk in a research note on Monday, May 11th. Piper Sandler restated a “neutral” rating and issued a $24.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Wells Fargo & Company set a $20.00 price objective on shares of Trade Desk and gave the stock an “equal weight” rating in a research note on Friday, May 8th. William Blair cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Oppenheimer downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.52.

Trade Desk Price Performance

The stock has a market capitalization of $9.59 billion, a P/E ratio of 23.19, a PEG ratio of 0.94 and a beta of 1.04. The stock’s fifty day moving average is $20.35 and its 200-day moving average is $25.44.

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

Insider Buying and Selling

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its holdings in Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after purchasing an additional 691 shares during the last quarter. Binnacle Investments Inc bought a new position in Trade Desk during the third quarter worth about $37,000. Albion Financial Group UT acquired a new position in shares of Trade Desk in the 4th quarter valued at $30,000. CVA Family Office LLC raised its stake in Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after buying an additional 344 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in shares of Trade Desk in the fourth quarter worth about $35,000. Institutional investors own 67.77% of the company’s stock.

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.