Trade Desk (NASDAQ:TTD) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Trade Desk (NASDAQ:TTD) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

A number of other equities analysts have also issued reports on TTD. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of Trade Desk in a research report on Monday, August 11th. Jefferies Financial Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $50.00 in a research note on Monday, August 11th. Guggenheim reduced their price objective on shares of Trade Desk from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Oppenheimer lifted their price target on shares of Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada cut their price target on Trade Desk from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.58.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $53.77 on Monday. The firm has a market cap of $26.29 billion, a price-to-earnings ratio of 64.78, a P/E/G ratio of 2.81 and a beta of 1.36. The business’s 50-day simple moving average is $69.96 and its 200-day simple moving average is $65.73. Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

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

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was 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 in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 317,107 shares during the last quarter. Jennison Associates LLC grew its holdings in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares during the period. Geode Capital Management LLC increased its position in Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after buying an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Trade Desk by 2.7% during the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after acquiring an additional 221,228 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company’s stock valued at $422,150,000 after purchasing an additional 418,911 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

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.