Trade Desk (NASDAQ:TTD) Price Target Cut to $85.00 by Analysts at Susquehanna

Trade Desk (NASDAQ:TTD) had its price objective cut by Susquehanna from $135.00 to $85.00 in a report released on Friday morning,Benzinga reports. They currently have a positive rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on TTD. KeyCorp boosted their target price on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Bank of America reaffirmed an “underperform” rating and issued a $55.00 price objective (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Hsbc Global Res downgraded shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. JMP Securities set a $60.00 target price on Trade Desk and gave the company a “market outperform” rating in a research report on Tuesday, September 30th. Finally, HSBC restated a “hold” rating and issued a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Hold” and an average price target of $79.48.

Trade Desk Stock Down 6.3%

Shares of TTD traded down $2.90 during mid-day trading on Friday, reaching $43.00. The company had a trading volume of 34,219,422 shares, compared to its average volume of 10,097,466. The stock has a market capitalization of $21.02 billion, a P/E ratio of 49.43, a PEG ratio of 2.49 and a beta of 1.43. Trade Desk has a 52-week low of $41.77 and a 52-week high of $141.53. The stock has a 50 day moving average of $49.80 and a two-hundred day moving average of $62.63.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 15.73% and a net margin of 15.72%.The company had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same period in the previous year, the company posted $0.41 earnings per share. Trade Desk’s revenue for the quarter was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Trade Desk will post 1.06 earnings per share for the current year.

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

Insider Buying and Selling at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently made changes to their positions in the company. Family Legacy Financial Solutions LLC boosted its stake in shares of Trade Desk by 163.2% in 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 last quarter. Banque Cantonale Vaudoise acquired a new position in Trade Desk in the 1st quarter valued at $26,000. Sound Income Strategies LLC lifted its holdings in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares in the last quarter. Versant Capital Management Inc boosted its stake in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Trade Desk during the 3rd quarter worth $26,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Trade Desk

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.