Trade Desk (NASDAQ:TTD) Price Target Cut to $85.00 by Analysts at Susquehanna

Trade Desk (NASDAQ:TTD) had its price target reduced by analysts at Susquehanna from $135.00 to $85.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the technology company’s stock. Susquehanna’s price objective indicates a potential upside of 96.35% from the company’s current price.

A number of other equities analysts have also recently issued reports on TTD. BMO Capital Markets cut their target price on Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the company a “market outperform” rating in a research report on Tuesday, September 30th. Needham & Company LLC decreased their price objective on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a report on Friday. Hsbc Global Res downgraded shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Piper Sandler decreased their price target on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a research note 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.06.

Trade Desk Stock Down 5.7%

NASDAQ TTD traded down $2.61 on Friday, hitting $43.29. The company’s stock had a trading volume of 5,572,138 shares, compared to its average volume of 11,983,823. The firm has a market cap of $21.17 billion, a PE ratio of 52.52, a PEG ratio of 2.55 and a beta of 1.43. The company’s 50-day moving average is $50.03 and its 200 day moving average is $62.66. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results 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 business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has approved a share repurchase plan on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. This trade 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 accessible through the SEC website. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Trade Desk by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after purchasing an additional 317,107 shares during the last quarter. Jennison Associates LLC raised its position in shares of Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock valued at $1,027,114,000 after buying an additional 2,169,252 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares during the last quarter. Brown Advisory Inc. grew its position in Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after acquiring an additional 221,228 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Trade Desk during the 1st quarter valued at about $191,935,000. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.