Trade Desk (NASDAQ:TTD) Upgraded at HSBC

Trade Desk (NASDAQ:TTD) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a $20.00 price target on the technology company’s stock. HSBC’s price target indicates a potential upside of 4.84% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of Trade Desk in a research note on Tuesday, March 17th. Guggenheim cut their target price on Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Rothschild & Co Redburn initiated coverage on Trade Desk in a report on Thursday, May 28th. They set a “sell” rating and a $11.00 target price on the stock. Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Rosenblatt Securities decreased their price objective on Trade Desk from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Trade Desk presently has an average rating of “Hold” and a consensus target price of $33.52.

Trade Desk Stock Down 0.5%

TTD stock traded down $0.10 during trading on Wednesday, reaching $19.08. The company’s stock had a trading volume of 1,585,404 shares, compared to its average volume of 18,968,553. Trade Desk has a 1 year low of $16.98 and a 1 year high of $91.45. The company’s fifty day moving average is $20.60 and its 200-day moving average is $25.81. The company has a market capitalization of $8.97 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last issued its 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). The business had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. During the same period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts anticipate that Trade Desk will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.41% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TTD. Elevation Wealth Partners LLC boosted its holdings in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after acquiring an additional 691 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Trade Desk in the fourth quarter worth $30,000. Root Financial Partners LLC boosted its holdings in shares of Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after purchasing an additional 906 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after purchasing an additional 344 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Trade Desk during the fourth quarter valued at about $35,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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.