The Trade Desk (NASDAQ:TTD) Receives $33.91 Consensus Target Price from Brokerages

Shares of The Trade Desk (NASDAQ:TTD) have been given a consensus rating of “Hold” by the thirty-eight brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.9118.

Several equities analysts have recently weighed in on TTD shares. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. Stifel Nicolaus set a $21.00 price objective on shares of Trade Desk in a report on Friday, May 8th. Needham & Company LLC dropped their price objective on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. HSBC lowered shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price objective on the stock. in a report on Monday, May 11th. Finally, Evercore set a $27.00 price objective on shares of Trade Desk in a report on Friday, May 8th.

Insider Buying and Selling at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated 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 owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the business. Elevation Wealth Partners LLC raised its holdings in shares of Trade Desk by 2,382.8% in the 4th 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 last quarter. Albion Financial Group UT acquired a new stake in shares of Trade Desk in the 4th quarter worth about $30,000. Root Financial Partners LLC grew its position in Trade Desk by 219.4% in the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after purchasing an additional 906 shares in the last quarter. CVA Family Office LLC grew its position in Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after purchasing an additional 344 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Trade Desk in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Up 6.0%

Shares of TTD opened at $18.37 on Thursday. The stock has a market capitalization of $8.64 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The firm’s fifty day simple moving average is $21.20 and its two-hundred day simple moving average is $26.82. Trade Desk has a 12 month low of $16.98 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $678.87 million. During the same quarter in the prior year, the company posted $0.33 EPS. Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts predict that Trade Desk will post 1.17 EPS for the current fiscal 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.