Trade Desk (NASDAQ:TTD) Hits New 12-Month Low – Should You Sell?

The Trade Desk (NASDAQ:TTD)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $19.10 and last traded at $19.5690, with a volume of 3189697 shares trading hands. The stock had previously closed at $19.95.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent analyst reports. Piper Sandler restated a “neutral” rating and set a $24.00 target price on shares of Trade Desk in a research report on Friday, May 8th. HSBC lowered Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 target price for the company. in a research report on Monday, May 11th. Evercore set a $27.00 target price on Trade Desk in a research report on Friday, May 8th. Cantor Fitzgerald restated a “neutral” rating and set a $22.00 target price on shares of Trade Desk in a research report on Thursday, February 26th. Finally, Rothschild & Co Redburn initiated coverage on Trade Desk in a research report on Thursday, May 28th. They set a “sell” rating and a $11.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Trade Desk currently has an average rating of “Hold” and an average target price of $33.91.

Trade Desk Stock Up 2.4%

The company’s 50 day moving average price is $21.98 and its two-hundred day moving average price is $28.63. The stock has a market cap of $9.35 billion, a P/E ratio of 22.60, a P/E/G ratio of 0.94 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. As a group, equities research analysts forecast that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk announced that its board has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in 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 buying an additional 169 shares during the period. Howard Capital Management Inc. lifted its holdings in Trade Desk by 2.3% during the fourth quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after buying an additional 275 shares during the period. Insigneo Advisory Services LLC lifted its holdings in Trade Desk by 3.6% during the third quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock worth $423,000 after buying an additional 298 shares during the period. Tema Etfs LLC lifted its holdings in Trade Desk by 4.1% during the fourth quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock worth $288,000 after buying an additional 302 shares during the period. Finally, Visionary Wealth Advisors lifted its holdings in Trade Desk by 3.3% during the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock worth $728,000 after buying an additional 327 shares during the period. Hedge funds and other 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.