Trade Desk (NASDAQ:TTD) Sets New 12-Month Low After Analyst Downgrade

The Trade Desk (NASDAQ:TTD) shares hit a new 52-week low during mid-day trading on Friday after Evercore ISI lowered their price target on the stock from $80.00 to $70.00. Evercore ISI currently has an outperform rating on the stock. Trade Desk traded as low as $41.77 and last traded at $42.4380, with a volume of 13626344 shares trading hands. The stock had previously closed at $45.90.

TTD has been the subject of a number of other research reports. Needham & Company LLC cut their target price on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research report on Friday. KeyCorp raised their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the company a “buy” rating in a report on Monday, September 29th. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday. Finally, Wall Street Zen upgraded Trade Desk from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $81.21.

Insider Activity

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated 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 transaction, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Putney Financial Group LLC increased its holdings in shares of Trade Desk by 3.6% in the 3rd quarter. Putney Financial Group LLC now owns 22,734 shares of the technology company’s stock worth $1,114,000 after buying an additional 798 shares during the last quarter. Zions Bancorporation National Association UT raised its position in Trade Desk by 16,261.8% during the third quarter. Zions Bancorporation National Association UT now owns 11,126 shares of the technology company’s stock valued at $545,000 after purchasing an additional 11,058 shares in the last quarter. Vanguard Group Inc. lifted its stake in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after purchasing an additional 12,321,000 shares during the last quarter. Texas Yale Capital Corp. lifted its stake in Trade Desk by 4.4% during the third quarter. Texas Yale Capital Corp. now owns 131,733 shares of the technology company’s stock worth $6,456,000 after purchasing an additional 5,575 shares during the last quarter. Finally, Tobam bought a new position in shares of Trade Desk during the 3rd quarter valued at about $150,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

The company has a market cap of $20.80 billion, a P/E ratio of 51.18, a P/E/G ratio of 2.55 and a beta of 1.43. The stock has a 50-day moving average of $50.03 and a two-hundred day moving average of $62.66.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a stock repurchase program on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.