Trade Desk (NASDAQ:TTD) Reaches New 52-Week Low After Analyst Downgrade

The Trade Desk (NASDAQ:TTDGet Free Report) reached a new 52-week low during trading on Monday after Citizens Jmp downgraded the stock from an outperform rating to a market perform rating. The stock traded as low as $33.99 and last traded at $33.9820, with a volume of 12888101 shares trading hands. The stock had previously closed at $36.55.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC cut their price objective on Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Moffett Nathanson raised shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $39.00 price target on the stock in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trade Desk in a research report on Monday, December 29th. DA Davidson decreased their price objective on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Guggenheim restated a “buy” rating and set a $50.00 target price (down previously from $55.00) on shares of Trade Desk in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Hold” and an average price target of $67.00.

Check Out Our Latest Research Report on TTD

Trade Desk News Roundup

Here are the key news stories impacting Trade Desk this week:

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTD. Family Legacy Financial Solutions LLC boosted its stake in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC bought a new stake in Trade Desk in the third quarter worth $26,000. Finally, Elevation Wealth Partners LLC raised its stake in Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after purchasing an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 7.5%

The stock’s 50 day moving average is $37.91 and its 200-day moving average is $50.51. The company has a market cap of $16.35 billion, a PE ratio of 38.86, a P/E/G ratio of 1.43 and a beta of 1.11.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. On average, analysts anticipate that The 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 authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Trade Desk Company Profile

(Get Free Report)

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.

Further Reading

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