Trade Desk (NASDAQ:TTD) Price Target Lowered to $25.00 at Needham & Company LLC

Trade Desk (NASDAQ:TTD) had its price target reduced by Needham & Company LLC from $32.00 to $25.00 in a research note released on Friday morning, MarketBeat Ratings reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

TTD has been the topic of several other research reports. Benchmark restated a “buy” rating and set a $40.00 target price (down from $65.00) on shares of Trade Desk in a research report on Monday, February 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Trade Desk in a research report on Friday, April 24th. Wedbush restated an “underperform” rating and set a $23.00 target price on shares of Trade Desk in a research report on Friday, March 6th. Truist Financial dropped their price target on Trade Desk from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Evercore reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $37.79.

Trade Desk Stock Down 2.1%

Shares of TTD stock opened at $23.00 on Friday. The firm has a market capitalization of $10.95 billion, a P/E ratio of 26.14, a P/E/G ratio of 0.94 and a beta of 1.10. Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The stock’s fifty day simple moving average is $23.73 and its 200 day simple moving average is $32.86.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data 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 return on equity of 16.68% and a net margin of 14.57%.The firm had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Trade Desk will post 1.27 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at Trade Desk

In other news, Director Kathryn E. Falberg sold 102,828 shares of the firm’s 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 directly owned 1,946 shares of the company’s stock, valued at $59,255.70. This trade represents a 98.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is owned by insiders.

Hedge Funds Weigh In On Trade Desk

A number of large investors have recently made changes to their positions in TTD. Versant Capital Management Inc raised its position 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 buying an additional 334 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Trade Desk in the third quarter worth $26,000. First Horizon Corp purchased a new stake in shares of Trade Desk in the third quarter worth $29,000. Quent Capital LLC purchased a new stake in shares of Trade Desk in the third quarter worth $32,000. Finally, Elevation Wealth Partners LLC raised its position 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 buying an additional 691 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Key Stories Impacting Trade Desk

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.