Trade Desk (NASDAQ:TTD) Upgraded by Arete Research to Neutral Rating

Arete Research upgraded shares of Trade Desk (NASDAQ:TTD) from a sell rating to a neutral rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $25.00 price target on the technology company’s stock.

A number of other research firms have also commented on TTD. BNP Paribas Exane began coverage on shares of Trade Desk in a report on Wednesday, January 14th. They set a “neutral” rating and a $40.00 price target for the company. Guggenheim reissued a “buy” rating and issued a $50.00 price target (down from $55.00) on shares of Trade Desk in a report on Monday, January 5th. Oppenheimer decreased their price objective on shares of Trade Desk from $70.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings downgraded shares of Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 27th. Finally, New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price for the company. in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.91.

Trade Desk Price Performance

TTD opened at $27.08 on Monday. The stock’s 50 day simple moving average is $29.85 and its 200 day simple moving average is $39.73. Trade Desk has a 1 year low of $21.08 and a 1 year high of $91.45. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 1.08 and a beta of 1.13.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has approved a share repurchase program on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total transaction of $1,524,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trade Desk

A number of large investors have recently modified their holdings of TTD. World Investment Advisors increased its position in shares of Trade Desk by 5.2% during the fourth quarter. World Investment Advisors now owns 13,092 shares of the technology company’s stock valued at $497,000 after buying an additional 644 shares during the period. Corient Private Wealth LLC raised its stake in Trade Desk by 6.1% in the fourth quarter. Corient Private Wealth LLC now owns 40,805 shares of the technology company’s stock worth $1,549,000 after buying an additional 2,341 shares in the last quarter. EMC Capital Management lifted its holdings in Trade Desk by 106.7% in the fourth quarter. EMC Capital Management now owns 50,951 shares of the technology company’s stock worth $1,900,000 after buying an additional 26,300 shares during the period. Hsbc Holdings PLC lifted its holdings in Trade Desk by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,027,963 shares of the technology company’s stock worth $39,116,000 after buying an additional 109,297 shares during the period. Finally, AG Campbell Advisory LLC bought a new stake in Trade Desk during the 4th quarter valued at approximately $42,000. Institutional investors own 67.77% of the company’s stock.

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.