Brokerages Set The Trade Desk (NASDAQ:TTD) Target Price at $33.91

Shares of The Trade Desk (NASDAQ:TTD) have earned a consensus rating of “Hold” from the thirty-eight analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $33.9118.

TTD has been the topic of several research analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price objective on shares of Trade Desk in a research note on Thursday, February 26th. Stifel Nicolaus set a $21.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Trade Desk in a research note on Tuesday, March 17th. Wedbush set a $21.00 target price on Trade Desk and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, HSBC downgraded Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price target for the company. in a research report on Monday, May 11th.

Trade Desk Stock Performance

TTD opened at $21.03 on Friday. The stock has a market capitalization of $9.89 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. Trade Desk has a one year low of $19.74 and a one year high of $91.45. The business’s 50-day simple moving average is $22.09 and its 200-day simple moving average is $29.07.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. During the same quarter last year, the firm earned $0.33 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that 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 shares. This repurchase authorization allows the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related 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 value of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.41% of the company’s stock.

Institutional Trading of Trade Desk

Several large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in 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 during the period. Howard Capital Management Inc. increased its holdings in 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 during the period. Insigneo Advisory Services LLC increased its holdings in 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 acquiring an additional 298 shares during the period. Tema Etfs LLC increased its holdings in Trade Desk by 4.1% during the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock worth $288,000 after acquiring an additional 302 shares during the period. Finally, Visionary Wealth Advisors increased its holdings in Trade Desk by 3.3% during the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after acquiring an additional 327 shares during the period. 67.77% of the stock is currently 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.