Trade Desk (NASDAQ:TTD) Shares Break Above Fifty Day Moving Average – What’s Next?

Shares of The Trade Desk (NASDAQ:TTD) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $13.08 and traded as high as $13.68. Trade Desk shares last traded at $13.23, with a volume of 15,001,223 shares.

Trending Headlines about Trade Desk

Here are the key news stories impacting Trade Desk this week:

• Neutral Sentiment: TTD’s rise came amid a broader market upswing and a rebound in beaten-down ad-tech shares, suggesting market sentiment contributed to the move rather than a new company-specific financial announcement. Article: The Trade Desk Beats Stock Market Upswing
• Neutral Sentiment: Co-founder and former CTO Dave Pickles is returning in an expanded technology leadership role, where he will lead a new CTO Council and advise engineering and product teams. The move may support product development, though its financial impact is not yet clear. Article: The Trade Desk Strengthens Leadership Bench
• Negative Sentiment: Investors are watching for weak ad budgets in key categories to weigh on Q3 results. CTV and retail media could provide support, but expectations around the report remain a source of uncertainty. Article: The Trade Desk to Release Q3 Earnings
• Negative Sentiment: Recent investor commentary has also focused on slowing growth and weaker guidance, which may temper enthusiasm even as some investors assess whether the shares are undervalued. Article: Is Trade Desk Undervalued Following Slowing Growth and Weaker Guidance?

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TTD shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 price objective on shares of Trade Desk in a research report on Wednesday, September 9th. Scotiabank set a $12.00 price objective on Trade Desk and gave the company a “sector perform” rating in a report on Friday, August 7th. HSBC downgraded Trade Desk from a “hold” rating to a “reduce” rating and set a $10.00 target price for the company. in a research report on Monday, August 10th. Morgan Stanley set a $13.00 target price on Trade Desk in a research note on Monday, August 10th. Finally, Guggenheim reiterated a “neutral” rating and set a $13.00 price target (up from $12.00) on shares of Trade Desk in a research report on Friday, September 18th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $18.16.

Trade Desk Stock Performance

The company has a market cap of $6.22 billion, a PE ratio of 15.75, a PEG ratio of 1.39 and a beta of 0.98. The business’s 50-day moving average is $13.08 and its 200 day moving average is $19.84.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The business had revenue of $715.06 million for the quarter, compared to analysts’ expectations of $752.41 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that The Trade Desk will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of TTD. Deane Retirement Strategies Inc. bought a new stake in Trade Desk in the second quarter valued at approximately $2,101,000. First Trust Advisors LP grew its holdings in shares of Trade Desk by 32.1% in the first quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company’s stock worth $32,872,000 after purchasing an additional 351,771 shares during the last quarter. SEB Asset Management AB bought a new position in shares of Trade Desk in the first quarter worth approximately $2,007,000. Tidal Investments LLC increased its stake in shares of Trade Desk by 148.0% in the second quarter. Tidal Investments LLC now owns 122,121 shares of the technology company’s stock worth $2,208,000 after buying an additional 72,888 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Trade Desk by 6.1% in the first quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company’s stock worth $24,737,000 after buying an additional 62,672 shares during the period. 67.77% of the stock is currently owned by institutional investors.

About Trade Desk

The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.

The company’s platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.