The Trade Desk (NASDAQ:TTD) Given Average Rating of “Hold” by Analysts

The Trade Desk (NASDAQ:TTD) has received a consensus recommendation of “Hold” from the forty-one brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $65.5294.

A number of research firms have recently weighed in on TTD. Jefferies Financial Group set a $40.00 price target on shares of Trade Desk and gave the company a “hold” rating in a report on Thursday, December 11th. Susquehanna cut their target price on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, November 7th. BNP Paribas Exane started coverage on Trade Desk in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target for the company. Truist Financial set a $60.00 price objective on Trade Desk and gave the company a “buy” rating in a report on Monday. Finally, UBS Group restated a “buy” rating and issued a $50.00 target price (down from $82.00) on shares of Trade Desk in a report on Tuesday, January 20th.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its position in Trade Desk by 3.8% in the 4th 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. Bison Wealth LLC grew its stake in shares of Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the last quarter. Woodline Partners LP increased its position in Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after acquiring an additional 2,269 shares during the period. Farther Finance Advisors LLC raised its stake in Trade Desk by 15.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,536 shares of the technology company’s stock valued at $327,000 after purchasing an additional 620 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Trade Desk by 42.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,387 shares of the technology company’s stock valued at $172,000 after purchasing an additional 706 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $30.33 on Monday. Trade Desk has a fifty-two week low of $30.13 and a fifty-two week high of $125.80. The stock’s 50-day moving average is $37.25 and its two-hundred day moving average is $49.63. The firm has a market cap of $14.67 billion, a P/E ratio of 34.86, a PEG ratio of 1.23 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same period in the previous year, the company earned $0.41 EPS. The firm’s revenue was up 17.7% on a year-over-year basis. As a group, research analysts expect that Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its board has initiated a stock buyback program on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.