Trade Desk (NASDAQ:TTD) Raised to Buy at Benchmark

Trade Desk (NASDAQ:TTD) was upgraded by equities researchers at Benchmark from a “hold” rating to a “buy” rating in a report released on Friday, MarketBeat Ratings reports. The brokerage currently has a $65.00 price objective on the technology company’s stock. Benchmark’s price target suggests a potential upside of 51.16% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Morgan Stanley lowered Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Trade Desk in a report on Wednesday, October 8th. Finally, BMO Capital Markets dropped their target price on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve 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 a consensus price target of $79.48.

Trade Desk Trading Down 6.3%

Shares of TTD opened at $43.00 on Friday. Trade Desk has a 12-month low of $41.77 and a 12-month high of $141.53. The company has a market cap of $21.02 billion, a PE ratio of 49.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.43. The stock has a 50-day moving average price of $49.80 and a 200-day moving average price of $62.73.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 15.73%. The company had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same period in the prior year, the business earned $0.41 earnings per share. Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. As a group, analysts predict that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of large investors have recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC raised its stake in shares of 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. Banque Cantonale Vaudoise purchased a new position in Trade Desk during the 1st quarter valued at about $26,000. Sound Income Strategies LLC raised its position in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares during the last quarter. Versant Capital Management Inc raised its position in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Trade Desk in the 3rd quarter worth approximately $26,000. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.