Trade Desk (NASDAQ:TTD) Rating Lowered to Market Perform at BMO Capital Markets

Trade Desk (NASDAQ:TTD) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a $15.00 price target on the technology company’s stock. BMO Capital Markets’ price objective points to a potential downside of 15.11% from the company’s previous close.

Several other research firms have also recently weighed in on TTD. Raymond James Financial cut Trade Desk from a “market perform” rating to an “underperform” rating in a report on Friday. Piper Sandler reiterated a “neutral” rating and set a $24.00 target price on shares of Trade Desk in a research report on Friday, May 8th. UBS Group restated a “buy” rating on shares of Trade Desk in a research report on Monday. Citigroup reaffirmed a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th. Finally, Wedbush set a $21.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-seven have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.02.

Trade Desk Stock Performance

Shares of TTD opened at $17.67 on Friday. Trade Desk has a 52 week low of $16.70 and a 52 week high of $91.45. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 0.92 and a beta of 1.04. The stock has a fifty day moving average of $18.97 and a 200-day moving average of $22.85.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.16. The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.59 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.Trade Desk’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, equities analysts forecast that Trade Desk will post 1.17 EPS for the current year.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTD. Root Financial Partners LLC lifted its holdings in Trade Desk by 219.4% in the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after buying an additional 906 shares during the period. Bayforest Capital Ltd bought a new position in shares of Trade Desk in the 4th quarter worth about $35,000. Ascentis Independent Advisors acquired a new position in shares of Trade Desk in the 1st quarter valued at about $36,000. Binnacle Investments Inc bought a new stake in shares of Trade Desk during the 3rd quarter valued at about $37,000. Finally, Quarry LP bought a new stake in shares of Trade Desk during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk News Roundup

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

• Positive Sentiment: Adjusted earnings were $0.34 per share, exceeding the $0.18 consensus estimate cited by several outlets. The company also highlighted strong customer retention and continuing relationships with major advertising partners. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Neutral Sentiment: CEO Jeff Green said customers are operating in a “different environment,” citing macroeconomic pressure and execution issues. The comments suggest advertising budgets and the company’s ability to convert demand may remain uneven. TTD Stock Crashes Overnight
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to $715.1 million, missing analyst expectations of approximately $752.6 million. Adjusted earnings were below the $0.41 estimate tracked by Zacks and declined from $0.41 a year earlier, adding to concerns about decelerating profitability. The Trade Desk Misses Q2 Earnings and Revenue Estimates
• Negative Sentiment: Third-quarter revenue guidance of $650 million was reportedly about 19% below consensus expectations. Investors viewed the forecast as a possible indication that The Trade Desk could post its first annual revenue decline since its IPO. The Trade Desk Stock Plunges on Disappointing Earnings
• Negative Sentiment: Profitability also weakened: adjusted EBITDA fell to roughly $241 million, while margin pressure and continued growth concerns overshadowed customer retention and strategic partnerships. The selloff leaves TTD near its 1-year low and below both its 50-day and 200-day moving averages. Trade Desk Sinks on Revenue Miss and Margin Pressure

Trade Desk Company Profile

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.