Trade Desk (NASDAQ:TTD) Sets New 12-Month Low – Should You Sell?

Shares of The Trade Desk (NASDAQ:TTD) hit a new 52-week low during trading on Friday . The company traded as low as $41.50 and last traded at $41.7880, with a volume of 6792931 shares trading hands. The stock had previously closed at $42.87.

Analyst Ratings Changes

A number of analysts recently weighed in on TTD shares. Susquehanna decreased their price target on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Arete Research upgraded Trade Desk to a “strong sell” rating in a research note on Monday, July 28th. Oppenheimer increased their target price on Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Piper Sandler dropped their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Finally, Scotiabank decreased their price target on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $78.33.

Trade Desk Stock Performance

The firm has a fifty day simple moving average of $48.79 and a 200-day simple moving average of $62.37. The company has a market capitalization of $20.50 billion, a PE ratio of 48.20, a P/E/G ratio of 2.08 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share 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 the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

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

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

Several hedge funds have recently made changes to their positions in TTD. Brighton Jones LLC increased its position in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the period. Bison Wealth LLC grew its position in shares of Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the last quarter. Whittier Trust Co. grew its position in shares of Trade Desk by 82.3% during the first quarter. Whittier Trust Co. now owns 1,914 shares of the technology company’s stock worth $105,000 after acquiring an additional 864 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Trade Desk by 309.5% in the 1st quarter. Larson Financial Group LLC now owns 2,510 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,897 shares during the period. Finally, Kingsview Wealth Management LLC lifted its position in Trade Desk by 5.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 9,963 shares of the technology company’s stock valued at $545,000 after purchasing an additional 525 shares during the last quarter. 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.