The Trade Desk (NASDAQ:TTD) Receives $19.33 Consensus Target Price from Analysts

The Trade Desk (NASDAQ:TTD) has been assigned a consensus recommendation of “Reduce” from the thirty-nine brokerages that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.3314.

Several brokerages have recently weighed in on TTD. DA Davidson reiterated a “neutral” rating and issued a $16.00 price target (down from $29.00) on shares of Trade Desk in a report on Monday, August 10th. Royal Bank Of Canada cut Trade Desk from an “outperform” rating to a “sector perform” rating and set a $15.00 price objective for the company. in a report on Friday, August 7th. Arete Research set a $11.60 price objective on Trade Desk and gave the company a “sell” rating in a research report on Tuesday, June 30th. Rothschild & Co Redburn started coverage on Trade Desk in a research note on Thursday, May 28th. They issued a “sell” rating and a $11.00 target price on the stock. Finally, Oppenheimer downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th.

Trade Desk Price Performance

Trade Desk stock opened at $14.14 on Friday. The firm has a market capitalization of $6.64 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Trade Desk has a 1-year low of $12.83 and a 1-year high of $56.39. The company’s 50-day moving average is $18.08 and its 200 day moving average is $21.94.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.41% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTD. Nicholas Company Inc. raised its position in shares of Trade Desk by 14.3% in the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after acquiring an additional 127,049 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Trade Desk by 272.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after purchasing an additional 50,209 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Trade Desk by 235.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock valued at $22,330,000 after purchasing an additional 412,842 shares in the last quarter. Deane Retirement Strategies Inc. purchased a new position in Trade Desk in the second quarter valued at about $2,101,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in Trade Desk in the fourth quarter valued at about $13,042,000. Institutional investors own 67.77% of the company’s stock.

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.