Trade Desk (NASDAQ:TTD) Given New $32.00 Price Target at Needham & Company LLC

Trade Desk (NASDAQ:TTD) had its price objective lowered by Needham & Company LLC from $60.00 to $32.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings downgraded Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 27th. Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup decreased their price target on shares of Trade Desk from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, January 27th. Bank of America dropped their price objective on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a report on Tuesday, January 20th. Finally, New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price on the stock. in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.70.

Trade Desk Stock Down 4.8%

Shares of Trade Desk stock opened at $23.95 on Thursday. The company has a market cap of $11.58 billion, a P/E ratio of 26.61, a PEG ratio of 0.99 and a beta of 1.10. The firm’s 50 day moving average price is $32.54 and its 200-day moving average price is $42.09. Trade Desk has a 52-week low of $21.08 and a 52-week high of $91.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The business had revenue of $846.79 million for the quarter, compared to analyst estimates of $840.56 million. During the same period in the previous year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Trade Desk

Hedge funds have recently modified their holdings of the stock. Family Legacy Financial Solutions LLC raised its position 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 worth $25,000 after acquiring an additional 310 shares during the period. Versant Capital Management Inc increased its stake in shares of Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Trade Desk during the 3rd quarter worth about $26,000. Elevation Wealth Partners LLC lifted its stake in Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after buying an additional 691 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Trade Desk in the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

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

• Positive Sentiment: Board approved a $350 million share repurchase program (up to ~2.9% of shares), signaling management thinks shares are undervalued. RTT News
• Positive Sentiment: Q4 results: revenue of ~$847M (up ~14% YoY) and EPS roughly in line with consensus; audio and CTV remain growth vectors cited by management. Q4 Press Release
• Neutral Sentiment: Product/market development — Trade Desk rolled out the “Ventura Ecosystem” to bolster CTV transparency and monetization, which is strategically positive but will take time to materially move top-line results. Ventura Ecosystem
• Neutral Sentiment: Unusually large options activity: a spike in call option volume indicates elevated trader/speculator interest that can increase intraday volatility but doesn’t change fundamentals.
• Negative Sentiment: Softer Q1 guidance and trimmed profitability expectations (management warned adjusted EBITDA could be materially lower), which investors interpreted as a sign of near‑term slowing — this is the primary driver of the sharp share decline. Fool: Stock Drop Proactive: Soft Q1
• Negative Sentiment: Broad analyst re-rating today: multiple firms sharply lowered price targets and several downgraded the stock (examples: New Street to Sell $17, Loop to Hold $25; multiple banks cut PTs—BMO $55, Oppenheimer $35, Morgan Stanley $30, DA Davidson $32, etc.). The collective cuts amplify selling pressure. TipRanks: Analyst Cuts
• Negative Sentiment: Demand headwinds: commentary and coverage note pressure from automotive and consumer-packaged‑goods advertisers — these verticals are important ad spend buckets and weakness there weighs on near-term growth outlook. Seeking Alpha: CPG & Auto Headwinds

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.