Trade Desk (NASDAQ:TTD) Coverage Initiated by Analysts at Rothschild & Co Redburn

Equities researchers at Rothschild & Co Redburn initiated coverage on shares of Trade Desk (NASDAQ:TTD) in a note issued to investors on Thursday. The firm set a “sell” rating and a $11.00 price target on the technology company’s stock. Rothschild & Co Redburn’s price target would indicate a potential downside of 50.65% from the company’s previous close.

A number of other research analysts have also weighed in on TTD. Oppenheimer lowered Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Moffett Nathanson reissued a “neutral” rating and issued a $32.00 price objective on shares of Trade Desk in a report on Thursday, February 26th. Wells Fargo & Company set a $20.00 price objective on Trade Desk and gave the company an “equal weight” rating in a report on Friday, May 8th. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a report on Friday, May 8th. Finally, New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective on the stock. in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Trade Desk presently has an average rating of “Hold” and an average target price of $33.91.

Trade Desk Trading Up 0.5%

Shares of TTD stock opened at $22.29 on Thursday. Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.07 and a beta of 1.10. The stock has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $29.98.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. Research analysts predict that Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after acquiring an additional 169 shares in the last quarter. Tidemark LLC boosted its position in shares of Trade Desk by 35.1% during the 3rd quarter. Tidemark LLC now owns 943 shares of the technology company’s stock worth $46,000 after acquiring an additional 245 shares in the last quarter. Howard Capital Management Inc. boosted its position in shares of Trade Desk by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after acquiring an additional 275 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Trade Desk by 3.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock valued at $423,000 after purchasing an additional 298 shares during the period. Finally, Tema Etfs LLC boosted its position in shares of Trade Desk by 4.1% in the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after purchasing an additional 302 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.