Stock Traders Buy High Volume of Call Options on Trade Desk (NASDAQ:TTD)

The Trade Desk (NASDAQ:TTD) saw some unusual options trading on Tuesday. Stock investors acquired 61,553 call options on the stock. This represents an increase of 20% compared to the typical volume of 51,424 call options.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TTD shares. Raymond James Financial lowered Trade Desk from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Trade Desk in a research report on Friday, September 11th. Wells Fargo & Company increased their price objective on Trade Desk from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday. Truist Financial set a $17.00 target price on shares of Trade Desk and gave the stock a “hold” rating in a research note on Tuesday. Finally, DA Davidson started coverage on shares of Trade Desk in a report on Tuesday. They set a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $18.52.

Key Headlines Impacting Trade Desk

These are some of the TTD headlines that stood out recently:

• Positive Sentiment: Q3 revenue of about $736 million exceeded expectations and management’s forecast, while adjusted earnings also beat estimates. The company projected about $755 million in Q4 revenue, helping support optimism that business may be stabilizing. Trade Desk’s $736M Q3 Revenues: Is a Growth Recovery Taking Shape?
• Positive Sentiment: Management’s restructuring includes a 15% workforce reduction, expected to generate more than $100 million in gross savings in 2027. The company also expanded its share-buyback authorization, providing potential support for shareholder returns. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Revenue was down 0.5% year over year, a sharp slowdown from prior growth, and quarterly profit reportedly fell substantially as margins came under pressure. Investors remain concerned about advertising-market conditions, competition and whether the company can restore growth. The Trade Desk Beats on Revenue, But the Fine Print Matters

Trade Desk Stock Performance

TTD stock opened at $15.98 on Thursday. The firm has a 50 day moving average price of $13.17 and a 200-day moving average price of $19.31. Trade Desk has a 52-week low of $11.62 and a 52-week high of $45.50. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.67 and a beta of 0.98.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.29. The firm had revenue of $735.97 million during the quarter, compared to analyst estimates of $650.93 million. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. Trade Desk’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, sell-side analysts forecast that Trade Desk will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Trade Desk

Several large investors have recently modified their holdings of TTD. Westpac Banking Corp bought a new stake in Trade Desk during the third quarter valued at approximately $65,000. Checchi Capital Advisers LLC raised its position in Trade Desk by 7.6% in the third quarter. Checchi Capital Advisers LLC now owns 21,293 shares of the technology company’s stock worth $259,000 after acquiring an additional 1,495 shares during the period. Voya Investment Management LLC raised its position in Trade Desk by 217.8% in the third quarter. Voya Investment Management LLC now owns 273,352 shares of the technology company’s stock worth $3,327,000 after acquiring an additional 187,341 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Trade Desk by 1,090.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,451,653 shares of the technology company’s stock worth $17,785,000 after acquiring an additional 1,329,736 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Trade Desk by 1,042.5% during the 3rd quarter. Global Retirement Partners LLC now owns 23,981 shares of the technology company’s stock worth $292,000 after acquiring an additional 21,882 shares during the last quarter. 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.