Trade Desk (NASDAQ:TTD) Raised to Hold at Zacks Research

Trade Desk (NASDAQ:TTD) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also commented on TTD. DA Davidson cut their target price on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a research report on Tuesday, September 30th. Evercore ISI reduced their price objective on Trade Desk from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, November 7th. Finally, Scotiabank reduced their target price on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.33.

Trade Desk Price Performance

Shares of Trade Desk stock traded down $0.92 during trading on Tuesday, hitting $42.87. The stock had a trading volume of 9,242,273 shares, compared to its average volume of 12,155,640. The business has a fifty day moving average of $49.17 and a two-hundred day moving average of $62.54. Trade Desk has a fifty-two week low of $41.77 and a fifty-two week high of $141.53. The firm has a market cap of $20.96 billion, a P/E ratio of 49.28, a PEG ratio of 2.31 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same period in the previous year, the company earned $0.41 earnings per share. Trade Desk’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Trade Desk will post 1.06 earnings per share for the current year.

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

Insider Activity at Trade Desk

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

Institutional Investors Weigh In On Trade Desk

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of 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 purchasing an additional 169 shares during the last quarter. Bison Wealth LLC raised 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 acquiring an additional 485 shares in the last quarter. Sigma Planning Corp lifted its holdings in Trade Desk by 25.6% in the 1st quarter. Sigma Planning Corp now owns 16,709 shares of the technology company’s stock worth $914,000 after purchasing an additional 3,406 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Trade Desk by 13.2% during the first quarter. Apollon Wealth Management LLC now owns 32,951 shares of the technology company’s stock worth $1,803,000 after purchasing an additional 3,852 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in Trade Desk by 8.9% during the first quarter. SBI Securities Co. Ltd. now owns 8,469 shares of the technology company’s stock worth $463,000 after purchasing an additional 692 shares during the period. Institutional investors own 67.77% of the company’s stock.

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.