Rosenblatt Securities Lowers Trade Desk (NASDAQ:TTD) Price Target to $64.00

Trade Desk (NASDAQ:TTD) had its target price cut by investment analysts at Rosenblatt Securities from $78.00 to $64.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 48.84% from the stock’s current price.

TTD has been the topic of a number of other reports. Susquehanna lowered their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a report on Friday. BTIG Research cut shares of Trade Desk from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. BMO Capital Markets reduced their price target on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trade Desk in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lowered shares of Trade Desk from a “buy” rating to a “hold” rating and lowered their price objective for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.48.

Trade Desk Trading Down 6.3%

TTD opened at $43.00 on Friday. The business’s 50 day moving average is $49.80 and its 200-day moving average is $62.73. The stock has a market cap of $21.02 billion, a PE ratio of 49.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. Trade Desk has a twelve month low of $41.77 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 15.73% and a net margin of 15.72%.The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after acquiring an additional 12,321,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after purchasing an additional 4,218,975 shares during the period. Nuveen LLC purchased a new stake in shares of Trade Desk during the first quarter valued at $191,935,000. Norges Bank purchased a new stake in shares of Trade Desk during the second quarter valued at $197,362,000. Finally, Viking Global Investors LP acquired a new position in shares of Trade Desk in the 2nd quarter valued at $192,524,000. Institutional investors own 67.77% of the company’s stock.

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.