Trade Desk (NASDAQ:TTD) Reaches New 52-Week Low – What’s Next?

The Trade Desk (NASDAQ:TTDGet Free Report)’s stock price reached a new 52-week low on Friday . The stock traded as low as $21.03 and last traded at $21.4110, with a volume of 3051659 shares changing hands. The stock had previously closed at $21.74.

Trending Headlines about Trade Desk

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

Wall Street Analyst Weigh In

TTD has been the subject of several research reports. Evercore restated an “outperform” rating on shares of Trade Desk in a report on Monday, February 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $28.00 target price (down from $50.00) on shares of Trade Desk in a research note on Monday, March 2nd. BMO Capital Markets decreased their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Bank of America lowered their price objective on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a report on Tuesday, January 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.94.

Read Our Latest Stock Analysis on TTD

Trade Desk Trading Down 2.1%

The stock has a market cap of $10.13 billion, a P/E ratio of 23.64, a PEG ratio of 0.84 and a beta of 1.13. The stock’s fifty day moving average price is $27.28 and its 200 day moving average price is $37.92.

Trade Desk (NASDAQ:TTDGet Free Report) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. The firm had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 25th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity at Trade Desk

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

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently added to or reduced their stakes in TTD. Brighton Jones LLC increased its position in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after acquiring an additional 169 shares during the period. M&T Bank Corp boosted its holdings in Trade Desk by 0.7% in the second quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock valued at $1,987,000 after purchasing an additional 194 shares during the period. HighMark Wealth Management LLC boosted its holdings in Trade Desk by 49.2% in the third quarter. HighMark Wealth Management LLC now owns 713 shares of the technology company’s stock valued at $35,000 after purchasing an additional 235 shares during the period. Tidemark LLC grew its stake in Trade Desk by 35.1% during the 3rd quarter. Tidemark LLC now owns 943 shares of the technology company’s stock worth $46,000 after purchasing an additional 245 shares in the last quarter. Finally, Hollencrest Capital Management grew its stake in Trade Desk by 16.3% during the 2nd quarter. Hollencrest Capital Management now owns 1,783 shares of the technology company’s stock worth $128,000 after purchasing an additional 250 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

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.

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