Trade Desk (NASDAQ:TTD) Stock Price Down 1% – Time to Sell?

The Trade Desk (NASDAQ:TTD) dropped 1% during trading on Monday . The company traded as low as $36.74 and last traded at $36.90. Approximately 10,946,797 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 11,516,400 shares. The stock had previously closed at $37.29.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTD. Wedbush cut their price target on Trade Desk from $50.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, December 8th. Truist Financial dropped their price objective on Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, DA Davidson dropped their price target on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.84.

Trade Desk Price Performance

The stock’s 50 day moving average price is $39.55 and its two-hundred day moving average price is $53.18. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 42.41, a PEG ratio of 1.46 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. As a group, equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has approved a share repurchase program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Trade Desk

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the period. Bison Wealth LLC increased its position in Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares during the period. Woodline Partners LP raised its stake in Trade Desk by 75.5% during the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock valued at $289,000 after purchasing an additional 2,269 shares during the last quarter. Focus Partners Wealth boosted its holdings in Trade Desk by 236.3% in the 1st quarter. Focus Partners Wealth now owns 153,051 shares of the technology company’s stock valued at $8,375,000 after purchasing an additional 107,538 shares during the period. Finally, Strs Ohio acquired a new stake in Trade Desk in the 1st quarter worth $13,872,000. Institutional investors own 67.77% of the company’s stock.

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.