BMO Capital Markets Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD) had its price objective cut by research analysts at BMO Capital Markets from $115.00 to $98.00 in a note issued to investors on Friday, August 8th, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ target price points to a potential upside of 85.16% from the company’s previous close.

A number of other research analysts also recently issued reports on TTD. Wedbush restated an “outperform” rating and set a $86.00 target price on shares of Trade Desk in a research report on Tuesday, July 15th. Stifel Nicolaus boosted their price target on shares of Trade Desk from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. KeyCorp raised their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. DA Davidson dropped their target price on shares of Trade Desk from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Wells Fargo & Company lowered Trade Desk from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $74.00 to $68.00 in a research report on Thursday, June 26th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.58.

Trade Desk Stock Performance

Trade Desk stock traded down $2.0220 during trading hours on Friday, hitting $52.9280. 5,905,133 shares of the stock were exchanged, compared to its average volume of 11,314,000. The stock has a market capitalization of $26.01 billion, a P/E ratio of 63.68, a P/E/G ratio of 2.67 and a beta of 1.37. The business’s 50-day moving average is $73.89 and its two-hundred day moving average is $69.89. Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TTD. Brighton Jones LLC boosted its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Trade Desk by 2.1% during the 4th quarter. Cerity Partners LLC now owns 75,123 shares of the technology company’s stock valued at $8,681,000 after purchasing an additional 1,559 shares in the last quarter. Bank of Nova Scotia grew its stake in Trade Desk by 1,112.2% during the fourth quarter. Bank of Nova Scotia now owns 84,989 shares of the technology company’s stock worth $9,989,000 after purchasing an additional 77,978 shares during the period. Bessemer Group Inc. lifted its stake in Trade Desk by 3.2% in the fourth quarter. Bessemer Group Inc. now owns 8,119 shares of the technology company’s stock valued at $955,000 after buying an additional 251 shares during the period. Finally, F M Investments LLC bought a new position in Trade Desk during the fourth quarter worth $207,000. 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.