Trade Desk (NASDAQ:TTD) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Trade Desk (NASDAQ:TTD) from a hold rating to a strong sell rating in a research report released on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. DA Davidson reissued a “neutral” rating and issued a $16.00 price objective (down from $29.00) on shares of Trade Desk in a research report on Monday. Piper Sandler reaffirmed a “neutral” rating and set a $24.00 target price on shares of Trade Desk in a research report on Friday, May 8th. UBS Group set a $16.00 target price on Trade Desk and gave the stock a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company set a $12.00 price target on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Raymond James Financial lowered shares of Trade Desk from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and ten have given a Sell rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Reduce” and an average price target of $19.33.

Trade Desk Stock Down 0.5%

TTD stock opened at $13.49 on Tuesday. The firm has a market cap of $6.34 billion, a PE ratio of 16.06, a P/E/G ratio of 0.69 and a beta of 1.04. The business has a 50 day moving average of $18.33 and a 200-day moving average of $22.23. Trade Desk has a 12-month low of $12.83 and a 12-month high of $56.39.

Insider Activity

In other news, Director Samantha Jacobson sold 53,681 shares of the 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 completion of the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently added to or reduced their stakes in TTD. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Visionary Wealth Advisors lifted its position in Trade Desk by 3.3% during the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after buying an additional 327 shares during the period. Kensington Investment Counsel LLC grew its holdings in Trade Desk by 1.0% in the 2nd quarter. Kensington Investment Counsel LLC now owns 36,427 shares of the technology company’s stock valued at $2,622,000 after buying an additional 362 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Trade Desk by 2.0% during the 4th quarter. New Mexico Educational Retirement Board now owns 20,600 shares of the technology company’s stock worth $782,000 after acquiring an additional 400 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Trade Desk by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 19,877 shares of the technology company’s stock valued at $755,000 after purchasing an additional 416 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.