Trade Desk (NASDAQ:TTD) Hits New 52-Week Low – Here’s Why

The Trade Desk (NASDAQ:TTD)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $16.97 and last traded at $16.9450, with a volume of 4352115 shares traded. The stock had previously closed at $17.58.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. Rosenblatt Securities lowered their target price on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. KeyCorp lowered shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company set a $20.00 price objective on shares of Trade Desk and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, UBS Group set a $28.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.43.

Trade Desk Stock Performance

The company has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $24.16. The firm has a market capitalization of $8.13 billion, a PE ratio of 19.65, a PEG ratio of 0.81 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS. On average, equities analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

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

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of the business. Brighton Jones LLC increased its holdings in Trade Desk by 3.8% during the fourth 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. Bison Wealth LLC raised its stake in 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 buying an additional 485 shares in the last quarter. Woodline Partners LP raised its stake in Trade Desk by 75.5% in the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares in the last quarter. Cerity Partners LLC lifted its holdings in Trade Desk by 46.6% during the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after buying an additional 19,015 shares during the period. Finally, AXA S.A. lifted its holdings in Trade Desk by 14.7% during the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock worth $3,083,000 after buying an additional 5,487 shares during the period. Hedge funds and other 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.