Trade Desk (NASDAQ:TTD) Reaches New 52-Week Low – What’s Next?

The Trade Desk (NASDAQ:TTD) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $35.65 and last traded at $35.7350, with a volume of 1818378 shares changing hands. The stock had previously closed at $36.23.

Wall Street Analysts Forecast Growth

TTD has been the topic of several analyst reports. Citigroup reissued an “outperform” rating on shares of Trade Desk in a research report on Tuesday, September 30th. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Jefferies Financial Group set a $40.00 price target on Trade Desk and gave the stock a “hold” rating in a report on Thursday, December 11th. Wedbush cut their price objective on shares of Trade Desk from $50.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, December 8th. Finally, Cantor Fitzgerald set a $43.00 price objective on shares of Trade Desk and gave the stock a “neutral” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.62.

Trade Desk Trading Down 1.1%

The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 1.46 and a beta of 1.11. The stock’s 50-day moving average is $38.95 and its 200-day moving average is $52.72.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently bought and sold shares of the company. Cornerstone Wealth Group LLC grew its holdings in shares of Trade Desk by 2.8% during the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after purchasing an additional 122 shares during the last quarter. STF Management LP lifted its stake in shares of Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after purchasing an additional 136 shares during the period. Mutual Advisors LLC lifted its stake in Trade Desk by 3.5% in the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after buying an additional 142 shares during the period. HighMark Wealth Management LLC lifted its position in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after acquiring an additional 151 shares during the period. Finally, Brighton Jones LLC grew its stake in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares during the period. 67.77% of the stock is currently owned by 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.