Trade Desk (NASDAQ:TTD) Price Target Cut to $70.00 by Analysts at Evercore ISI

Trade Desk (NASDAQ:TTD) had its price objective dropped by research analysts at Evercore ISI from $80.00 to $70.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s price target would indicate a potential upside of 64.42% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company set a $53.00 price objective on Trade Desk and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Rosenblatt Securities decreased their price target on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating for the company in a report on Friday. Citigroup reissued an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Moffett Nathanson cut Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price target on the stock. in a research report on Friday, August 8th. Finally, Piper Sandler dropped their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $80.76.

Trade Desk Trading Down 7.2%

NASDAQ:TTD traded down $3.33 during trading hours on Friday, hitting $42.57. The stock had a trading volume of 17,471,488 shares, compared to its average volume of 12,043,459. The company has a market cap of $20.82 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.43. The business has a 50 day simple moving average of $50.03 and a two-hundred day simple moving average of $62.66. Trade Desk has a 1-year low of $41.77 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. Research analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC lifted its stake in Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares during the last quarter. Transce3nd LLC bought a new stake in Trade Desk in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk during the second quarter worth $28,000. West Oak Capital LLC lifted its position in shares of Trade Desk by 466.7% in the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after buying an additional 350 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.