The Trade Desk (NASDAQ:TTD) Given Average Recommendation of “Hold” by Analysts

The Trade Desk (NASDAQ:TTD) has earned an average rating of “Hold” from the thirty-nine brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $67.7576.

A number of equities research analysts have commented on the stock. Needham & Company LLC decreased their target price on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Bank of America reduced their price objective on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Stifel Nicolaus set a $74.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research report on Friday. Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, JMP Securities set a $60.00 target price on shares of Trade Desk and gave the stock a “market outperform” rating in a report on Tuesday, September 30th.

Trade Desk Stock Performance

NASDAQ TTD opened at $36.55 on Monday. The business’s fifty day moving average is $38.04 and its 200 day moving average is $50.81. Trade Desk has a fifty-two week low of $34.00 and a fifty-two week high of $125.80. The company has a market capitalization of $17.68 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping 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 firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same quarter last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, sell-side analysts forecast that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has approved a stock buyback plan on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Trade Desk

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its stake in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after purchasing an additional 270 shares during the period. Transce3nd LLC purchased a new position in shares of Trade Desk in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Trade Desk in the second quarter worth $28,000. HighMark Wealth Management LLC boosted its position in shares of Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after acquiring an additional 151 shares during the last quarter. Finally, Vermillion Wealth Management Inc. grew its stake in Trade Desk by 400.0% during the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

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.