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

The Trade Desk (NASDAQ:TTD) reached a new 52-week low during trading on Friday . The company traded as low as $21.03 and last traded at $21.4110, with a volume of 3051659 shares trading hands. The stock had previously closed at $21.74.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TTD shares. DA Davidson set a $32.00 price objective on shares of Trade Desk in a research report on Thursday, March 5th. Royal Bank Of Canada reissued an “outperform” rating on shares of Trade Desk in a research note on Tuesday, March 17th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $25.00 target price (down from $36.00) on shares of Trade Desk in a research report on Wednesday, March 18th. BNP Paribas Exane initiated coverage on shares of Trade Desk in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target for the company. Finally, UBS Group lowered their price objective on shares of Trade Desk from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.94.

Trade Desk Stock Down 1.7%

The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 0.87 and a beta of 1.13. The firm has a 50 day moving average of $27.56 and a two-hundred day moving average of $38.24.

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

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

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Family Legacy Financial Solutions LLC lifted its position in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after acquiring an additional 310 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the period. Root Financial Partners LLC acquired a new stake in Trade Desk during the 3rd quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its stake 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 in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Trade Desk in the second quarter valued at $28,000. 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.