Trade Desk (NASDAQ:TTD) Sets New 1-Year Low on Analyst Downgrade

Shares of The Trade Desk (NASDAQ:TTD) hit a new 52-week low during trading on Monday after Citizens Jmp downgraded the stock from an outperform rating to a market perform rating. The stock traded as low as $33.99 and last traded at $33.9820, with a volume of 12888101 shares. The stock had previously closed at $36.55.

A number of other equities research analysts have also issued reports on TTD. Truist Financial cut their target price on Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Trade Desk in a report on Monday, December 29th. Wells Fargo & Company set a $42.00 target price on shares of Trade Desk and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Wolfe Research restated an “outperform” rating and set a $45.00 target price (down previously from $60.00) on shares of Trade Desk in a report on Monday, January 5th. Finally, BNP Paribas Exane assumed coverage on shares of Trade Desk in a report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.76.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CWM LLC grew its position in shares of Trade Desk by 332.7% during the 4th quarter. CWM LLC now owns 81,332 shares of the technology company’s stock valued at $3,087,000 after acquiring an additional 62,537 shares during the period. KBC Group NV increased its holdings in shares of Trade Desk by 20.3% in the 4th quarter. KBC Group NV now owns 609,285 shares of the technology company’s stock worth $23,128,000 after buying an additional 102,677 shares during the last quarter. Patten Group Inc. bought a new position in shares of Trade Desk during the 4th quarter valued at about $456,000. Forefront Wealth Management Inc. bought a new position in shares of Trade Desk during the fourth quarter valued at about $231,000. Finally, Integrated Financial Solutions Inc. lifted its stake in Trade Desk by 21.0% in the fourth quarter. Integrated Financial Solutions Inc. now owns 37,145 shares of the technology company’s stock worth $1,410,000 after acquiring an additional 6,435 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 7.0%

The company has a market cap of $16.44 billion, a PE ratio of 38.99, a PEG ratio of 1.43 and a beta of 1.11. The firm’s 50-day moving average is $38.04 and its 200-day moving average is $50.81.

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 analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.