Trade Desk (NASDAQ:TTD) Stock Rating Lowered by Morgan Stanley

Trade Desk (NASDAQ:TTD) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $50.00 target price on the technology company’s stock, down from their prior target price of $80.00. Morgan Stanley’s target price would suggest a potential upside of 10.52% from the stock’s current price.

Other equities analysts have also issued research reports about the company. HSBC reaffirmed a “hold” rating and issued a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Arete Research raised Trade Desk to a “strong sell” rating in a research note on Monday, July 28th. Piper Sandler decreased their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. BMO Capital Markets decreased their target price on Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, KeyCorp increased their target price on Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.67.

Trade Desk Stock Down 2.0%

Shares of Trade Desk stock opened at $45.24 on Wednesday. Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The business’s fifty day simple moving average is $67.34 and its 200-day simple moving average is $64.63. The firm has a market cap of $22.12 billion, a PE ratio of 54.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.36.

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

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Group LLC grew its stake in Trade Desk by 2.8% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after buying an additional 122 shares during the last quarter. STF Management LP lifted its position in Trade Desk by 2.1% during the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after acquiring an additional 136 shares during the period. Mutual Advisors LLC lifted its position in Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after acquiring an additional 142 shares during the period. Ashton Thomas Securities LLC lifted its position in Trade Desk by 2.6% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock worth $315,000 after acquiring an additional 144 shares during the period. Finally, Tradition Wealth Management LLC lifted its position in Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock worth $347,000 after acquiring an additional 150 shares during the period. Hedge funds and other 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.