Trade Desk (NASDAQ:TTD – Free Report) had its price target lowered by Benchmark from $40.00 to $30.00 in a report issued on Friday,Benzinga reports. Benchmark currently has a buy rating on the technology company’s stock.
A number of other research firms have also weighed in on TTD. BMO Capital Markets reduced their price objective on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Guggenheim reduced their price objective on Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday. 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. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Rosenblatt Securities reduced their price objective on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.79.
Read Our Latest Analysis on TTD
Trade Desk Price Performance
Trade Desk (NASDAQ:TTD – Get Free Report) 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 return on equity of 16.68% and a net margin of 14.57%.The business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that Trade Desk will post 1.27 EPS for the current year.
Trade Desk announced that its Board of Directors has approved a share repurchase program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Insider Activity at Trade Desk
In other news, Director Kathryn E. Falberg sold 50,000 shares of Trade Desk stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.41% of the stock is owned by corporate insiders.
Institutional Trading of Trade Desk
A number of large investors have recently made changes to their positions in TTD. Versant Capital Management Inc grew its holdings in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after acquiring an additional 334 shares during the period. Root Financial Partners LLC bought a new stake in shares of Trade Desk in the third quarter worth $26,000. Elevation Wealth Partners LLC grew 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 worth $27,000 after acquiring an additional 691 shares during the period. First Horizon Corp bought a new stake in shares of Trade Desk in the third quarter worth $29,000. Finally, Albion Financial Group UT bought a new stake in shares of Trade Desk in the fourth quarter worth $30,000. 67.77% of the stock is currently owned by institutional investors.
More Trade Desk News
Here are the key news stories impacting Trade Desk this week:
- Positive Sentiment: Benchmark, Guggenheim, Needham, and other firms kept bullish ratings on TTD even after cutting price targets, suggesting analysts still see upside from current levels. Benchmark price target cut article
- Positive Sentiment: Despite the selloff, revenue growth remained solid, helped by AI-related launches, strategic partnerships, and continued strength in connected TV advertising. Zacks earnings article
- Neutral Sentiment: Trade Desk also held its annual stockholder meeting and approved directors and governance matters, which is not likely to move the stock much. Stockholder approval article
- Negative Sentiment: Multiple firms downgraded or cut targets after the weak guide, reinforcing concerns that ad-tech demand is slowing and agency-client uncertainty is weighing on the business. Analyst downgrades article
- Negative Sentiment: Commentary from Jim Cramer and other market coverage highlighted Trade Desk as a lagging name in digital advertising after the earnings miss, adding to bearish sentiment. Cramer red flag article
About Trade Desk
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.
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