Trade Desk (NASDAQ:TTD) Downgraded to Sell Rating by New Street Research

New Street Research cut shares of Trade Desk (NASDAQ:TTD) from a neutral rating to a sell rating in a research report report published on Thursday morning, MarketBeat.com reports. The firm currently has $17.00 target price on the technology company’s stock.

Several other brokerages have also recently issued reports on TTD. Cfra reissued a “hold” rating and set a $40.00 price objective on shares of Trade Desk in a research note on Tuesday, January 27th. Wall Street Zen upgraded Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Citizens Jmp downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, January 23rd. Cannonball Research raised Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada set a $80.00 target price on Trade Desk and gave the stock an “outperform” rating in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.70.

Trade Desk Trading Down 4.8%

Shares of NASDAQ:TTD opened at $23.95 on Thursday. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.99 and a beta of 1.10. The stock’s 50-day moving average price is $32.54 and its two-hundred day moving average price is $42.09. Trade Desk has a 12-month low of $21.08 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share 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 prior year, the firm posted $0.59 EPS. The company’s revenue was up 14.3% on a year-over-year basis. As a group, research analysts forecast that Trade Desk will post 1.06 earnings per share for the current fiscal year.

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

Institutional Trading of Trade Desk

A number of hedge funds have recently made changes to their positions in the stock. Tempo Wealth LLC bought a new stake in shares of Trade Desk in the 4th quarter worth about $237,000. Pacer Advisors Inc. lifted its holdings in shares of Trade Desk by 3.5% in the 4th quarter. Pacer Advisors Inc. now owns 258,803 shares of the technology company’s stock worth $9,824,000 after purchasing an additional 8,833 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Trade Desk during the fourth quarter valued at $212,000. Virtu Financial LLC bought a new position in Trade Desk in the 4th quarter worth about $3,152,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Trade Desk by 16.4% during the fourth quarter. Sunbelt Securities Inc. now owns 23,993 shares of the technology company’s stock valued at $911,000 after buying an additional 3,374 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

More Trade Desk News

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

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.