Trade Desk (NASDAQ:TTD) Sets New 1-Year Low – Should You Sell?

The Trade Desk (NASDAQ:TTD)’s share price reached a new 52-week low on Monday . The stock traded as low as $19.10 and last traded at $19.5690, with a volume of 3189697 shares. The stock had previously closed at $19.95.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTD. HSBC downgraded shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 target price for the company. in a research note on Monday, May 11th. Wedbush set a $21.00 price objective on Trade Desk and gave the company a “neutral” rating in a research note on Friday, May 8th. Evercore set a $27.00 price objective on Trade Desk in a research report on Friday, May 8th. Moffett Nathanson reiterated a “neutral” rating and set a $32.00 target price on shares of Trade Desk in a research note on Thursday, February 26th. Finally, William Blair lowered Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Hold” and an average target price of $33.91.

Trade Desk Price Performance

The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 0.97 and a beta of 1.05. The company’s 50-day simple moving average is $22.05 and its 200-day simple moving average is $28.92.

Trade Desk (NASDAQ:TTD) last posted its 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 firm had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Research analysts expect that The Trade Desk will post 1.17 earnings per share for the current 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 shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC increased its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after acquiring an additional 169 shares during the period. Howard Capital Management Inc. grew 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 purchasing an additional 275 shares in the last quarter. Insigneo Advisory Services LLC grew its position in shares of Trade Desk by 3.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock worth $423,000 after purchasing an additional 298 shares in the last quarter. Tema Etfs LLC increased its holdings in shares of Trade Desk by 4.1% during the fourth quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock worth $288,000 after purchasing an additional 302 shares during the period. Finally, Visionary Wealth Advisors increased its holdings in shares of Trade Desk by 3.3% during the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after purchasing an additional 327 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

About Trade Desk

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.