Trade Desk (NASDAQ:TTD) Sets New 52-Week Low – Here’s Why

Shares of The Trade Desk (NASDAQ:TTD) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $25.64 and last traded at $25.9810, with a volume of 3468949 shares trading hands. The stock had previously closed at $26.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley cut their target price on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Wolfe Research reissued an “outperform” rating and issued a $45.00 target price (down previously from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Rosenblatt Securities dropped their price target on shares of Trade Desk from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Citigroup cut their price target on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Trade Desk currently has a consensus rating of “Hold” and a consensus target price of $61.45.

Trade Desk Stock Performance

The company has a market cap of $12.48 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 1.01 and a beta of 1.10. The business’s fifty day moving average is $34.82 and its two-hundred day moving average is $45.49.

Trade Desk announced that its board has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. State Street Corp lifted its stake in 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 acquiring an additional 26,559,005 shares during the period. Jennison Associates LLC lifted its stake in Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after acquiring an additional 2,169,252 shares during the period. Geode Capital Management LLC grew its holdings in Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after acquiring an additional 4,218,975 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in Trade Desk by 2.7% during the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after purchasing an additional 221,228 shares during the period. 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.