Trade Desk (NASDAQ:TTD) Cut to “In-Line” at Evercore

Trade Desk (NASDAQ:TTD) was downgraded by equities research analysts at Evercore from an “outperform” rating to an “in-line” rating in a report released on Friday, Marketbeat.com reports. They currently have a $13.00 price target on the technology company’s stock. Evercore’s price target indicates a potential downside of 26.43% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Wolfe Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Trade Desk in a research report on Friday. Guggenheim lowered shares of Trade Desk from a “buy” rating to a “neutral” rating in a research note on Friday. Cantor Fitzgerald decreased their target price on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada set a $33.00 price target on shares of Trade Desk and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company set a $12.00 price objective on shares of Trade Desk in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-seven have assigned a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Hold” and an average price target of $24.02.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $17.67 on Friday. Trade Desk has a one year low of $16.70 and a one year high of $91.45. The stock has a fifty day moving average of $18.97 and a 200-day moving average of $22.85. The company has a market capitalization of $8.31 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.16. The business had revenue of $715.06 million for the quarter, compared to analysts’ expectations of $752.59 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. As a group, research analysts forecast that Trade Desk will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.41% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trade Desk

Several large investors have recently made changes to their positions in TTD. Bank of New York Mellon Corp bought a new position in Trade Desk during the second quarter valued at approximately $39,750,000. Trust Asset Management LLC bought a new stake in Trade Desk in the second quarter worth approximately $88,000. Tema ETFs LLC grew its position in Trade Desk by 9.5% in the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock worth $151,000 after acquiring an additional 725 shares in the last quarter. LVM Capital Management Ltd. MI acquired a new position in shares of Trade Desk during the 2nd quarter worth $578,000. Finally, Deane Retirement Strategies Inc. acquired a new position in shares of Trade Desk during the 2nd quarter worth $2,101,000. Institutional investors own 67.77% of the company’s stock.

Key Headlines Impacting Trade Desk

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

• Positive Sentiment: Adjusted earnings were $0.34 per share, exceeding the $0.18 consensus estimate cited by several outlets. The company also highlighted strong customer retention and continuing relationships with major advertising partners. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Neutral Sentiment: CEO Jeff Green said customers are operating in a “different environment,” citing macroeconomic pressure and execution issues. The comments suggest advertising budgets and the company’s ability to convert demand may remain uneven. TTD Stock Crashes Overnight
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to $715.1 million, missing analyst expectations of approximately $752.6 million. Adjusted earnings were below the $0.41 estimate tracked by Zacks and declined from $0.41 a year earlier, adding to concerns about decelerating profitability. The Trade Desk Misses Q2 Earnings and Revenue Estimates
• Negative Sentiment: Third-quarter revenue guidance of $650 million was reportedly about 19% below consensus expectations. Investors viewed the forecast as a possible indication that The Trade Desk could post its first annual revenue decline since its IPO. The Trade Desk Stock Plunges on Disappointing Earnings
• Negative Sentiment: Profitability also weakened: adjusted EBITDA fell to roughly $241 million, while margin pressure and continued growth concerns overshadowed customer retention and strategic partnerships. The selloff leaves TTD near its 1-year low and below both its 50-day and 200-day moving averages. Trade Desk Sinks on Revenue Miss and Margin Pressure

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.