Trade Desk (NASDAQ:TTD) Raised to Neutral at Arete Research

Trade Desk (NASDAQ:TTD) was upgraded by analysts at Arete Research from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has a $25.00 price objective on the technology company’s stock. Arete Research’s price objective indicates a potential downside of 8.56% from the stock’s previous close.

A number of other research firms have also issued reports on TTD. Moffett Nathanson restated a “neutral” rating and set a $32.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. Weiss Ratings lowered Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 27th. Loop Capital cut Trade Desk from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $25.00 in a research note on Thursday, February 26th. Wolfe Research restated an “outperform” rating and set a $45.00 price target (down from $60.00) on shares of Trade Desk in a research report on Monday, January 5th. Finally, New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price objective on the stock. in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.91.

Trade Desk Stock Up 3.1%

Shares of NASDAQ:TTD opened at $27.34 on Monday. The company has a market cap of $13.22 billion, a PE ratio of 30.38, a P/E/G ratio of 1.08 and a beta of 1.13. Trade Desk has a fifty-two week low of $21.08 and a fifty-two week high of $91.45. The firm has a 50-day simple moving average of $30.11 and a 200 day simple moving average of $39.92.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. The firm had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. Trade Desk’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. As a group, research analysts forecast that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a share buyback program on Wednesday, February 25th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Kathryn E. Falberg sold 102,828 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares of the company’s stock, valued at approximately $59,255.70. This represents a 98.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors lifted its stake in shares of Trade Desk by 5.2% in the 4th quarter. World Investment Advisors now owns 13,092 shares of the technology company’s stock worth $497,000 after acquiring an additional 644 shares during the period. Corient Private Wealth LLC raised its holdings in Trade Desk by 6.1% during the fourth quarter. Corient Private Wealth LLC now owns 40,805 shares of the technology company’s stock worth $1,549,000 after purchasing an additional 2,341 shares in the last quarter. EMC Capital Management raised its holdings in Trade Desk by 106.7% during the fourth quarter. EMC Capital Management now owns 50,951 shares of the technology company’s stock worth $1,900,000 after purchasing an additional 26,300 shares in the last quarter. Hsbc Holdings PLC lifted its position in Trade Desk by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,027,963 shares of the technology company’s stock worth $39,116,000 after purchasing an additional 109,297 shares during the period. Finally, AG Campbell Advisory LLC acquired a new stake in Trade Desk in the fourth quarter worth approximately $42,000. 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.