The Trade Desk (NASDAQ:TTD) Given Consensus Rating of “Hold” by Brokerages

Shares of The Trade Desk (NASDAQ:TTDGet Free Report) have earned an average rating of “Hold” from the thirty-eight analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, twenty-one have given a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $33.9118.

Several equities analysts have commented on the company. Piper Sandler restated a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a research note on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th. Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Scotiabank set a $20.00 price target on shares of Trade Desk in a research note on Monday, May 11th. Finally, Truist Financial set a $35.00 price target on shares of Trade Desk and gave the stock a “buy” rating in a research note on Friday, May 8th.

View Our Latest Stock Report on Trade Desk

Insider Activity

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of Trade Desk 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 directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.41% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nicholas Company Inc. raised its holdings in shares of Trade Desk by 14.3% in the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after buying an additional 127,049 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Trade Desk by 62.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock valued at $8,515,000 after buying an additional 66,672 shares during the last quarter. Jacobson & Schmitt Advisors LLC raised its holdings in shares of Trade Desk by 19.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after buying an additional 47,539 shares during the last quarter. State of Michigan Retirement System bought a new position in shares of Trade Desk in the third quarter valued at about $5,906,000. Finally, Ashton Thomas Private Wealth LLC raised its holdings in shares of Trade Desk by 272.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after buying an additional 50,209 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

Shares of TTD opened at $19.95 on Friday. The firm has a market cap of $9.38 billion, a PE ratio of 22.67, a PEG ratio of 0.97 and a beta of 1.05. The firm’s 50 day moving average price is $22.05 and its 200 day moving average price is $29.00. Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45.

Trade Desk (NASDAQ:TTDGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. During the same quarter last year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback program on Wednesday, February 25th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About Trade Desk

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Trade Desk (NASDAQ:TTD)

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