The Trade Desk (NASDAQ:TTD) Receives Consensus Rating of “Reduce” from Analysts

Shares of The Trade Desk (NASDAQ:TTD) have earned an average recommendation of “Reduce” from the thirty-nine research firms that are currently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.3314.

TTD has been the topic of several research reports. Morgan Stanley set a $13.00 price target on shares of Trade Desk in a research note on Monday, August 10th. KeyCorp lowered shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Cannonball Research cut Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Friday, August 7th. BMO Capital Markets cut Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research note on Friday, August 7th. Finally, Rosenblatt Securities lowered their price target on Trade Desk from $24.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, August 7th.

Insiders Place Their Bets

In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction that occurred 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 sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.41% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Large investors have recently bought and sold shares of the stock. Quantitative Investment Management LLC acquired a new stake in Trade Desk during the second quarter worth approximately $452,000. New Mexico Educational Retirement Board boosted its position in Trade Desk by 6.3% during the 2nd quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock worth $396,000 after purchasing an additional 1,300 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Trade Desk in the second quarter worth about $2,184,000. Arthedge Capital Management LLC purchased a new position in Trade Desk in the 2nd quarter worth approximately $4,398,864,000. Finally, Trust Co. of Vermont purchased a new position in shares of Trade Desk in the second quarter valued at $111,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD stock opened at $13.32 on Friday. Trade Desk has a 1 year low of $12.83 and a 1 year high of $56.39. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. The business has a fifty day moving average of $17.61 and a 200 day moving average of $21.43.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Trade Desk had a return on equity of 16.09% and a net margin of 13.61%.The company had revenue of $715.06 million during the quarter, compared to analysts’ expectations of $752.41 million. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Trade Desk will post 0.51 earnings per share for the current year.

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.