Wedbush Upgrades Trade Desk (NASDAQ:TTD) to “Hold”

Trade Desk (NASDAQ:TTD) was upgraded by analysts at Wedbush to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on the stock. Oppenheimer boosted their price target on shares of Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. BTIG Research lowered shares of Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th. Piper Sandler decreased their target price on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Zacks Research lowered shares of Trade Desk from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Moffett Nathanson lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 target price on the stock. in a report on Friday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.48.

Trade Desk Stock Down 3.8%

NASDAQ TTD opened at $47.24 on Tuesday. The company’s 50 day moving average is $50.32 and its 200-day moving average is $62.88. Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The firm has a market cap of $23.10 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 2.62 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same period last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts expect that Trade Desk will post 1.06 EPS for the current year.

Insiders Place Their Bets

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value 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 represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently made changes to their positions in TTD. Family Legacy Financial Solutions LLC boosted its position in Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the 1st quarter valued at $26,000. Sound Income Strategies LLC boosted its position in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares during the period. Versant Capital Management Inc boosted its position in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after buying an additional 334 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Trade Desk during the 3rd quarter valued at $26,000. Hedge funds and other 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.