Trade Desk (NASDAQ:TTD – Free Report) had its target price cut by Citigroup from $65.00 to $50.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.
TTD has been the topic of a number of other reports. Evercore ISI upgraded shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Friday, June 27th. Piper Sandler dropped their price objective on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. HSBC restated a “hold” rating and issued a $56.00 price objective on shares of Trade Desk in a research note on Monday, August 11th. UBS Group dropped their price objective on shares of Trade Desk from $105.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, BMO Capital Markets dropped their price objective on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Hold” and an average target price of $87.21.
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Trade Desk Price Performance
Shares of TTD opened at $44.47 on Friday. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock has a market cap of $21.74 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 2.29 and a beta of 1.36. The firm has a fifty day moving average price of $63.73 and a 200 day moving average price of $63.56.
Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. During the same period last year, the firm earned $0.39 earnings per share. Trade Desk’s revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.
Insider Transactions at Trade Desk
In related news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.
Institutional Trading of Trade Desk
Institutional investors have recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV purchased a new stake in Trade Desk during the fourth quarter worth about $25,000. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the first quarter worth about $26,000. Sound Income Strategies LLC boosted its holdings in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Trade Desk during the first quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Trade Desk during the second quarter worth about $28,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.
About Trade Desk
(Get Free Report)
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
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