Trade Desk (NASDAQ:TTD) Reaches New 12-Month Low – Here’s Why

Shares of The Trade Desk (NASDAQ:TTD) reached a new 52-week low on Tuesday . The stock traded as low as $17.69 and last traded at $18.02, with a volume of 21092044 shares traded. The stock had previously closed at $18.51.

Analyst Ratings Changes

TTD has been the topic of several research analyst reports. Rothschild & Co Redburn assumed coverage on Trade Desk in a research report on Thursday, May 28th. They set a “sell” rating and a $11.00 target price on the stock. Wells Fargo & Company set a $20.00 price target on Trade Desk and gave the company an “equal weight” rating in a research note on Friday, May 8th. Needham & Company LLC cut their price target on Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Rosenblatt Securities reduced their price objective on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, Royal Bank Of Canada set a $33.00 price objective on shares of Trade Desk and gave the stock an “outperform” rating in a research report on Friday, May 8th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.91.

Trade Desk Stock Performance

The business has a 50 day moving average of $21.35 and a two-hundred day moving average of $27.03. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 0.87 and a beta of 1.05.

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

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s 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 completion of the sale, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently added to or reduced their stakes in the company. Nicholas Company Inc. lifted its holdings in Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after acquiring an additional 127,049 shares during the period. Jacobson & Schmitt Advisors LLC grew its stake in Trade Desk by 19.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after purchasing an additional 47,539 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of Trade Desk by 272.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after purchasing an additional 50,209 shares during the last quarter. Jericho Capital Asset Management L.P. increased its position in shares of Trade Desk by 86.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trade Desk by 235.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock worth $22,330,000 after purchasing an additional 412,842 shares during the period. 67.77% of the stock is owned by institutional investors.

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.