Trade Desk’s (TTD) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Trade Desk (NASDAQ:TTD) in a report published on Wednesday morning,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Piper Sandler reduced their price target on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. KeyCorp boosted their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Jefferies Financial Group lowered shares of Trade Desk from a “buy” rating to a “hold” rating and reduced their price target for the company from $100.00 to $50.00 in a report on Monday, August 11th. Stifel Nicolaus reduced their price objective on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Evercore ISI upgraded shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Friday, June 27th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.48.

Trade Desk Stock Performance

NASDAQ:TTD opened at $52.36 on Wednesday. Trade Desk has a one year low of $42.96 and a one year high of $141.53. The firm has a market cap of $25.60 billion, a P/E ratio of 63.09, a P/E/G ratio of 2.89 and a beta of 1.38. The firm has a 50-day simple moving average of $53.78 and a 200-day simple moving average of $62.66.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 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 quarter in the prior year, the firm posted $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. On average, research analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Trade Desk

Several large investors have recently bought and sold shares of TTD. Brown Advisory Inc. grew its position in Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after purchasing an additional 5,387,339 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 4,218,975 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Trade Desk in the 1st quarter valued at $191,935,000. Norges Bank purchased a new stake in shares of Trade Desk in the 2nd quarter valued at $197,362,000. Finally, Viking Global Investors LP purchased a new stake in shares of Trade Desk in the 2nd quarter valued at $192,524,000. 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.