Trade Desk (NASDAQ:TTD) Upgraded at Benchmark

Trade Desk (NASDAQ:TTD) was upgraded by research analysts at Benchmark from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat reports. The brokerage presently has a $65.00 price target on the technology company’s stock. Benchmark’s price objective points to a potential upside of 50.15% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. UBS Group lowered their price target on Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 15th. BTIG Research downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating in a research report on Friday, August 8th. Wedbush raised shares of Trade Desk to a “hold” rating in a research report on Tuesday. Stifel Nicolaus dropped their price objective on Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Finally, Rosenblatt Securities reissued a “buy” rating on shares of Trade Desk in a report on Friday, August 8th. Twenty-one 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $82.06.

Trade Desk Stock Performance

Shares of TTD traded down $2.61 during midday trading on Friday, hitting $43.29. The company had a trading volume of 5,572,138 shares, compared to its average volume of 11,983,823. Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The firm has a market capitalization of $21.17 billion, a P/E ratio of 52.52, a P/E/G ratio of 2.55 and a beta of 1.43. The company’s 50-day simple moving average is $50.03 and its 200-day simple moving average is $62.66.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating 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 analysts’ expectations of $719.11 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Equities analysts predict that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has initiated a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the business’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 transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

Large investors have recently modified their holdings of the business. LaFleur & Godfrey LLC acquired a new stake in Trade Desk during the 2nd quarter worth approximately $5,029,000. Congress Park Capital LLC increased its position in shares of Trade Desk by 13.2% in the second quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company’s stock worth $3,872,000 after acquiring an additional 6,257 shares in the last quarter. Swedbank AB raised its stake in shares of Trade Desk by 32.2% in the 2nd quarter. Swedbank AB now owns 552,260 shares of the technology company’s stock valued at $39,757,000 after acquiring an additional 134,620 shares during the period. First Bank & Trust boosted its position in Trade Desk by 137.6% during the 2nd quarter. First Bank & Trust now owns 23,166 shares of the technology company’s stock worth $1,668,000 after purchasing an additional 13,418 shares during the period. Finally, Pointe Capital Management LLC acquired a new stake in Trade Desk in the 2nd quarter valued at $8,246,000. 67.77% of the stock is owned by hedge funds and other 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.