Trade Desk (NASDAQ:TTD) Stock Price Down 5.1% After Analyst Downgrade

The Trade Desk (NASDAQ:TTD) shares fell 5.1% during trading on Tuesday after Arete Research downgraded the stock from a hold rating to a strong sell rating. Arete Research now has a $11.60 price target on the stock. Trade Desk traded as low as $17.62 and last traded at $17.6960. 5,178,287 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 19,097,631 shares. The stock had previously closed at $18.65.

Several other equities analysts also recently issued reports on TTD. UBS Group set a $31.00 price objective on Trade Desk and gave the company a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada set a $33.00 target price on Trade Desk and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company set a $20.00 target price on Trade Desk and gave the company an “equal weight” rating in a research note on Friday, May 8th. KeyCorp lowered Trade Desk from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 8th. Finally, Guggenheim cut their price target on Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Hold” and a consensus price target of $33.52.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Large investors have recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after purchasing an additional 485 shares during the last quarter. Woodline Partners LP grew its position in shares of Trade Desk by 75.5% during the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares during the period. Cerity Partners LLC grew its position in shares of Trade Desk by 46.6% during the 2nd quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after buying an additional 19,015 shares during the period. Finally, AXA S.A. raised its stake in shares of Trade Desk by 14.7% during the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock worth $3,083,000 after buying an additional 5,487 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

The stock’s 50 day moving average is $20.93 and its two-hundred day moving average is $26.31. The firm has a market capitalization of $9.00 billion, a P/E ratio of 21.76, a P/E/G ratio of 0.88 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) 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 business 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 business posted $0.33 earnings per share. Trade Desk’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts expect that The Trade Desk will post 1.17 EPS for the current year.

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.