Trade Desk (NASDAQ:TTD) Stock Rating Lowered by BNP Paribas Exane

Trade Desk (NASDAQ:TTD) was downgraded by equities researchers at BNP Paribas Exane from a “neutral” rating to an “underperform” rating in a research note issued on Monday. They presently have a $10.00 target price on the technology company’s stock. BNP Paribas Exane’s target price suggests a potential downside of 22.74% from the stock’s current price.

TTD has been the subject of several other research reports. Evercore downgraded shares of Trade Desk from an “outperform” rating to an “in-line” rating and set a $13.00 target price for the company. in a report on Friday. Royal Bank Of Canada downgraded shares of Trade Desk from an “outperform” rating to a “sector perform” rating and set a $15.00 price objective for the company. in a research report on Friday. Piper Sandler reiterated a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Guggenheim downgraded Trade Desk from a “buy” rating to a “neutral” rating and cut their target price for the stock from $25.00 to $12.00 in a research note on Friday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $16.00 target price (down from $29.00) on shares of Trade Desk in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $19.33.

Trade Desk Price Performance

Shares of NASDAQ TTD traded down $0.86 during mid-day trading on Monday, reaching $12.94. 26,503,592 shares of the company’s stock traded hands, compared to its average volume of 19,717,338. The business has a 50-day simple moving average of $18.82 and a 200 day simple moving average of $22.70. The stock has a market cap of $6.09 billion, a P/E ratio of 15.39, a PEG ratio of 0.67 and a beta of 1.04. Trade Desk has a 1-year low of $12.83 and a 1-year high of $56.77.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same period in the previous year, the business posted $0.33 EPS. Trade Desk’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

More Trade Desk News

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

• Positive Sentiment: CEO Jeffrey Green purchased approximately 6 million shares worth $148.1 million over the past six months, signaling management confidence despite the recent weakness.
• Positive Sentiment: The stock’s analyst price-target median remains $28, materially above its recent trading level, although targets have been revised lower by several firms.
• Neutral Sentiment: Institutional positioning was mixed: 319 investors increased holdings while 582 reduced them. Baillie Gifford fully exited its position, and State Street and BlackRock also cut their stakes, while several quantitative funds added shares.
• Neutral Sentiment: Congressional trading was also mixed, with four purchases and five sales reported over the past six months, offering limited directional insight.
• Negative Sentiment: Investor discussion focused on an earnings shortfall and sharply lower third-quarter guidance. Reported second-quarter revenue of $715.1 million increased only 3.0% year over year, reinforcing concerns about decelerating growth.
• Negative Sentiment: DA Davidson downgraded TTD from Buy to Neutral, while Robert W. Baird cut its rating to Hold. Evercore, BMO Capital Markets, and RBC also lowered their ratings recently. Trade Desk Cut to Hold at Robert W. Baird
• Negative Sentiment: Cantor Fitzgerald reduced its price target to $14, and Rosenblatt Securities cut its target to $12, indicating that analysts see limited near-term upside. Cantor Fitzgerald Cuts Trade Desk Price Target
• Negative Sentiment: Social-media commentary remains predominantly bearish, citing the absence of a durable competitive moat, valuation risk, and the possibility of continued volatility if growth remains in the single digits.

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.