The Trade Desk (NASDAQ:TTD – Get Free Report) rose 12.3% on Monday. The stock traded as high as $14.34 and last traded at $14.5210. Approximately 6,592,118 shares traded hands during trading, a decline of 67% from the average daily volume of 19,795,355 shares. The stock had previously closed at $12.93.
Key Trade Desk News
Here are the key news stories impacting Trade Desk this week:
- Positive Sentiment: Buyers are returning to the beaten-down ad-tech stock ahead of the earnings catalyst, with technical trading also cited as a factor. Article: What’s Going On With The Trade Desk Stock Monday?
- Neutral Sentiment: The quarterly report is a key test for TTD after a severe decline, and the market will look for evidence that growth and investor confidence can stabilize. Article: Trade Desk’s ‘Lost Year’ Won’t Be Rescued by Earnings, Say Analysts
- Negative Sentiment: Expectations remain cautious: analysts quoted by Barron’s say earnings may not turn around what they characterize as a lost year. The company also missed its own second-quarter revenue forecast, while its third-quarter guidance called for at least $650 million—about 12% below the year-earlier quarter. Article: The Trade Desk Stock Has Lost About 89% Since the End of 2024. Its Nov. 9 Report Is the Next Test.
Analyst Ratings Changes
A number of analysts have issued reports on TTD shares. Rosenblatt Securities lowered their target price on Trade Desk from $24.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Morgan Stanley set a $13.00 price target on Trade Desk in a report on Monday, August 10th. Wolfe Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Trade Desk in a research report on Friday, August 7th. Raymond James Financial downgraded shares of Trade Desk from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Finally, Cannonball Research lowered shares of Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $18.16.
View Our Latest Stock Analysis on TTD
Trade Desk Price Performance
The company’s 50 day moving average is $13.06 and its two-hundred day moving average is $19.62. The firm has a market cap of $7.05 billion, a P/E ratio of 17.77, a PEG ratio of 1.40 and a beta of 0.98.
Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. The firm had revenue of $715.06 million for the quarter, compared to analyst estimates of $752.41 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that The Trade Desk will post 0.52 EPS for the current year.
Institutional Trading of Trade Desk
A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Trade Desk by 59.0% during the first quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after purchasing an additional 2,018,525 shares during the period. Bank of America Corp DE raised its stake in shares of Trade Desk by 33.5% in the first quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock valued at $103,214,000 after purchasing an additional 1,141,704 shares in the last quarter. Amundi lifted its position in Trade Desk by 0.6% in the first quarter. Amundi now owns 3,056,305 shares of the technology company’s stock worth $69,348,000 after purchasing an additional 17,097 shares during the period. Bank of New York Mellon Corp bought a new position in Trade Desk in the second quarter worth $39,750,000. Finally, Quantinno Capital Management LP increased its holdings in Trade Desk by 330.0% in the 1st quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after buying an additional 1,148,680 shares during the period. Institutional investors own 67.77% of the company’s stock.
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.
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