Trade Desk (NASDAQ:TTD) Stock Rating Lowered by DA Davidson

Trade Desk (NASDAQ:TTD) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a report released on Monday.

A number of other research firms also recently issued reports on TTD. Rothschild & Co Redburn began coverage on Trade Desk in a research note on Thursday, May 28th. They set a “sell” rating and a $11.00 price target on the stock. Morgan Stanley set a $26.00 price objective on Trade Desk in a report on Friday, May 8th. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. Finally, Wall Street Zen downgraded shares of Trade Desk from a “hold” rating to a “sell” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Reduce” and a consensus price target of $20.56.

Trade Desk Stock Performance

Shares of TTD stock traded down $0.69 during mid-day trading on Monday, hitting $13.11. 7,373,075 shares of the stock were exchanged, compared to its average volume of 19,580,904. The stock’s fifty day simple moving average is $18.82 and its two-hundred day simple moving average is $22.70. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 0.67 and a beta of 1.04. Trade Desk has a 12-month low of $12.83 and a 12-month high of $56.77.

Trade Desk (NASDAQ:TTD) last posted its earnings results 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 firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, research analysts expect that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of Trade Desk 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 sale, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of large investors have recently modified their holdings of the business. Brighton Jones LLC grew its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the period. Visionary Wealth Advisors lifted its position in shares of Trade Desk by 3.3% during the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after acquiring an additional 327 shares during the period. Kensington Investment Counsel LLC lifted its position in shares of Trade Desk by 1.0% during the 2nd quarter. Kensington Investment Counsel LLC now owns 36,427 shares of the technology company’s stock valued at $2,622,000 after acquiring an additional 362 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Trade Desk by 2.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 20,600 shares of the technology company’s stock worth $782,000 after acquiring an additional 400 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Trade Desk by 2.1% during the 4th quarter. Captrust Financial Advisors now owns 19,877 shares of the technology company’s stock worth $755,000 after acquiring an additional 416 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

About Trade Desk

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.