Citizens Jmp Downgrades Trade Desk (NASDAQ:TTD) to Market Perform

Trade Desk (NASDAQ:TTD) was downgraded by investment analysts at Citizens Jmp from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Marketbeat reports.

TTD has been the topic of a number of other reports. UBS Group reissued a “buy” rating and issued a $50.00 price objective (down from $82.00) on shares of Trade Desk in a research report on Tuesday. Evercore ISI dropped their target price on Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Rosenblatt Securities cut their price target on Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada set a $80.00 price target on Trade Desk and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, BNP Paribas Exane initiated coverage on Trade Desk in a research report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Hold” and an average target price of $67.76.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $36.55 on Friday. The stock’s 50-day moving average is $38.04 and its two-hundred day moving average is $50.98. Trade Desk has a 1-year low of $34.00 and a 1-year high of $125.80. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 42.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter last year, the business posted $0.41 EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Equities research analysts anticipate that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Trade Desk

Large investors have recently made changes to their positions in the company. Sound Income Strategies LLC lifted its stake in Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $28,000. HighMark Wealth Management LLC raised its position in Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after purchasing an additional 151 shares during the last quarter. Finally, Vermillion Wealth Management Inc. boosted its stake in Trade Desk by 400.0% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

About Trade Desk

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.