The Trade Desk (NASDAQ:TTD – Get Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as $16.97 and last traded at $16.9450, with a volume of 4352115 shares trading hands. The stock had previously closed at $17.58.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on TTD shares. HSBC upgraded Trade Desk from a “reduce” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Wednesday, July 8th. KeyCorp cut shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 8th. William Blair downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Weiss Ratings cut shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. Finally, Needham & Company LLC decreased their price objective on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and an average price target of $33.43.
Read Our Latest Analysis on Trade Desk
Trade Desk Stock Down 3.5%
Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, research analysts predict that The Trade Desk will post 1.17 EPS for the current year.
Insider Activity
In other news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares during the period. Howard Capital Management Inc. grew its holdings in shares of Trade Desk by 2.3% in the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock valued at $461,000 after buying an additional 275 shares during the period. Tema Etfs LLC grew its holdings in shares of Trade Desk by 4.1% in the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after buying an additional 302 shares during the period. Visionary Wealth Advisors increased its position in shares of Trade Desk by 3.3% in the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after buying an additional 327 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after acquiring an additional 344 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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