Trade Desk (NASDAQ:TTD) Given New $64.00 Price Target at Rosenblatt Securities

Trade Desk (NASDAQ:TTD) had its price objective lowered by Rosenblatt Securities from $78.00 to $64.00 in a report released on Friday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the technology company’s stock.

Several other research firms have also weighed in on TTD. Bank of America restated an “underperform” rating and set a $55.00 price objective (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Piper Sandler dropped their price target on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Hsbc Global Res lowered shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen raised Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Wedbush raised shares of Trade Desk to a “hold” rating in a research note on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Hold” and a consensus price target of $79.48.

Trade Desk Trading Down 6.3%

NASDAQ:TTD traded down $2.90 during midday trading on Friday, hitting $43.00. 34,219,422 shares of the stock were exchanged, compared to its average volume of 10,097,466. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 49.43, a P/E/G ratio of 2.49 and a beta of 1.43. Trade Desk has a one year low of $41.77 and a one year high of $141.53. The business has a 50-day moving average price of $49.80 and a two-hundred day moving average price of $62.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 15.73% and a net margin of 15.72%.The firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same period last year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a stock repurchase plan on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC raised its position in shares of Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares during the last quarter. Transce3nd LLC bought a new position in Trade Desk during the second quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Trade Desk during the second quarter valued at about $28,000. West Oak Capital LLC raised its holdings in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $26,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.