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

The Trade Desk (NASDAQ:TTD) has received a consensus recommendation of “Hold” from the thirty-seven analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $78.3333.

TTD has been the subject of a number of analyst reports. HSBC restated a “hold” rating and set a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. UBS Group reissued a “buy” rating and issued a $82.00 price target (up previously from $80.00) on shares of Trade Desk in a report on Friday. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research report on Monday, September 29th. Zacks Research lowered Trade Desk from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Arete Research raised Trade Desk to a “strong sell” rating in a research note on Monday, July 28th.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after acquiring an additional 12,321,000 shares during the period. Jennison Associates LLC increased its holdings in Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after buying an additional 4,218,975 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Trade Desk by 2.7% in the second quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock valued at $599,212,000 after purchasing an additional 221,228 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Trade Desk in the first quarter worth $191,935,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 2.2%

Shares of Trade Desk stock opened at $44.20 on Wednesday. The business has a fifty day simple moving average of $49.37 and a 200 day simple moving average of $62.68. The stock has a market cap of $21.61 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.43. Trade Desk has a 12 month low of $41.77 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. Analysts expect that Trade Desk will post 1.06 EPS for the current fiscal 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.