Trade Desk (NASDAQ:TTD) Sets New 1-Year Low – Should You Sell?

The Trade Desk (NASDAQ:TTD)’s stock price reached a new 52-week low on Monday . The stock traded as low as $19.10 and last traded at $19.5690, with a volume of 3189697 shares changing hands. The stock had previously closed at $19.95.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTD. William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Oppenheimer downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. BMO Capital Markets reduced their price objective on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Benchmark decreased their price objective on shares of Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Trade Desk in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.91.

Trade Desk Stock Performance

The company has a 50-day moving average of $22.05 and a 200-day moving average of $28.92. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a share buyback program on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction on Thursday, May 28th. The shares were 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 approximately $276,912.86. The trade was a 80.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.41% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC grew its stake in 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 purchasing an additional 691 shares in the last quarter. Binnacle Investments Inc acquired a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $37,000. Y.D. More Investments Ltd grew its stake in shares of Trade Desk by 92.3% in the third quarter. Y.D. More Investments Ltd now owns 769 shares of the technology company’s stock valued at $38,000 after buying an additional 369 shares in the last quarter. Albion Financial Group UT acquired a new position in Trade Desk during the fourth quarter worth $30,000. Finally, Caitlin John LLC bought a new stake in Trade Desk during the third quarter worth $41,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.