Trade Desk (NASDAQ:TTD) Lowered to Market Perform Rating by BMO Capital Markets

BMO Capital Markets cut shares of Trade Desk (NASDAQ:TTD) from an outperform rating to a market perform rating in a report issued on Friday morning, Marketbeat reports. They currently have $15.00 price objective on the technology company’s stock.

A number of other equities research analysts have also issued reports on the company. Evercore lowered Trade Desk from an “outperform” rating to an “in-line” rating and set a $13.00 price target on the stock. in a research report on Friday. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a research report on Friday, May 8th. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Royal Bank Of Canada set a $33.00 target price on shares of Trade Desk and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Guggenheim cut shares of Trade Desk from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $12.00 in a report on Friday. Five research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $20.85.

Trade Desk Trading Down 21.9%

Trade Desk stock opened at $13.80 on Friday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.85 and a beta of 1.04. Trade Desk has a twelve month low of $12.83 and a twelve month high of $57.00. The stock’s fifty day simple moving average is $18.82 and its 200-day simple moving average is $22.79.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 13.61% and a return on equity of 16.19%. The company had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same quarter last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts predict that Trade Desk will post 1.17 earnings per share for the current year.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently bought and sold shares of TTD. State Street Corp lifted its holdings in shares of Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the last quarter. Norges Bank purchased a new stake in Trade Desk in the fourth quarter valued at approximately $197,550,000. Federated Hermes Inc. boosted its holdings in shares of Trade Desk by 1,041.1% in the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after acquiring an additional 4,298,009 shares during the period. Voloridge Investment Management LLC grew its position in shares of Trade Desk by 676.6% during the fourth quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after acquiring an additional 3,666,189 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after acquiring an additional 3,421,074 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Key Stories Impacting Trade Desk

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Customer retention remained strong, and management highlighted ongoing product improvements and major advertising partnerships. CEO Jeff Green has also reportedly purchased shares, potentially signaling confidence in the long-term opportunity. TTD Stock Sinks Over 26% On Earnings Miss, Weak Outlook
• Neutral Sentiment: Analysts substantially reduced price targets and ratings following the release. Needham retained a Buy rating with a $19 target, while other targets ranged from $12 to $15, reflecting significant disagreement over whether the selloff creates value or signals a prolonged downturn. The Trade Desk downgraded by Susquehanna
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to approximately $715 million, below the roughly $753 million consensus estimate. Adjusted EPS was 34 cents; although estimates vary, several reports characterized profit as below expectations and noted that EPS declined from 41 cents a year earlier. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Negative Sentiment: Third-quarter revenue guidance of about $650 million was well below Wall Street expectations and implies a potential year-over-year revenue decline—the first such decline forecast since the company’s IPO. The outlook suggests that weak consumer spending, tariffs, oil prices and cautious spending by large brands are affecting advertising budgets. Trade Desk shares plunge on weak revenue, guidance miss
• Negative Sentiment: Management acknowledged execution gaps and a changing customer environment, while profitability also weakened: adjusted EBITDA fell to approximately $241 million and margins contracted. The rapid restructuring of the C-suite added to investor uncertainty about execution and leadership stability. TTD Q2 Earnings Call Flags Execution Gaps and Cautious Q3 Guide

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.