Trade Desk (NASDAQ:TTD) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Trade Desk (NASDAQ:TTD) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

TTD has been the topic of several other research reports. Hsbc Global Res cut shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Scotiabank dropped their price target on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, August 8th. KeyCorp upped their price objective on Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. UBS Group reiterated a “buy” rating and set a $82.00 target price (up from $80.00) on shares of Trade Desk in a research note on Friday, November 7th. Finally, 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. Twenty-one analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $78.33.

Trade Desk Stock Down 2.1%

TTD traded down $0.92 during trading on Tuesday, hitting $42.87. 9,229,631 shares of the company’s stock were exchanged, compared to its average volume of 12,152,051. Trade Desk has a fifty-two week low of $41.77 and a fifty-two week high of $141.53. The stock has a market cap of $20.96 billion, a P/E ratio of 49.28, a PEG ratio of 2.31 and a beta of 1.43. The business’s 50 day moving average is $49.17 and its two-hundred day moving average is $62.54.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Trade Desk will post 1.06 earnings per share for the current year.

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

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trade Desk

Several large investors have recently added to or reduced their stakes in TTD. Brighton Jones LLC raised its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares in the last quarter. Bison Wealth LLC increased its position in shares of 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 purchasing an additional 485 shares during the last quarter. Sigma Planning Corp increased its position in shares of Trade Desk by 25.6% in the first quarter. Sigma Planning Corp now owns 16,709 shares of the technology company’s stock worth $914,000 after purchasing an additional 3,406 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Trade Desk by 13.2% in the first quarter. Apollon Wealth Management LLC now owns 32,951 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 3,852 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Trade Desk by 8.9% during the first quarter. SBI Securities Co. Ltd. now owns 8,469 shares of the technology company’s stock valued at $463,000 after purchasing an additional 692 shares during the last quarter. 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.