Trade Desk (NASDAQ:TTD) Downgraded to In-Line Rating by Evercore

Evercore lowered shares of Trade Desk (NASDAQ:TTD) from an outperform rating to an in-line rating in a report released on Friday, Marketbeat Ratings reports. Evercore currently has $13.00 price target on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. Wedbush set a $21.00 price target on Trade Desk and gave the stock a “neutral” rating in a report on Friday, May 8th. HSBC raised shares of Trade Desk from a “reduce” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Wednesday, July 8th. Rosenblatt Securities dropped their target price on shares of Trade Desk from $24.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company set a $12.00 price target on shares of Trade Desk and gave the company an “equal weight” rating in a research note on Friday. Finally, Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trade Desk has a consensus rating of “Reduce” and a consensus target price of $20.85.

Trade Desk Stock Performance

TTD stock opened at $13.80 on Friday. Trade Desk has a one year low of $12.83 and a one year high of $57.00. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.85 and a beta of 1.04. The firm has a 50-day simple moving average of $18.82 and a two-hundred day simple moving average of $22.79.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a return on equity of 16.19% and a net margin of 13.61%.The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in TTD. Root Financial Partners LLC boosted 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 purchasing an additional 906 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Trade Desk during the 4th quarter valued at about $35,000. Ascentis Independent Advisors purchased a new position in shares of Trade Desk during the 1st quarter valued at about $36,000. Binnacle Investments Inc acquired a new position in shares of Trade Desk in the 3rd quarter valued at about $37,000. Finally, Quarry LP purchased a new stake in shares of Trade Desk in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Key Trade Desk News

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

• Positive Sentiment: Customer retention remained strong, and management highlighted ongoing product improvements and major advertising partnerships. CEO Jeff Green has also reportedly purchased shares, potentially signaling confidence in the long-term opportunity. TTD Stock Sinks Over 26% On Earnings Miss, Weak Outlook
• Neutral Sentiment: Analysts substantially reduced price targets and ratings following the release. Needham retained a Buy rating with a $19 target, while other targets ranged from $12 to $15, reflecting significant disagreement over whether the selloff creates value or signals a prolonged downturn. The Trade Desk downgraded by Susquehanna
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to approximately $715 million, below the roughly $753 million consensus estimate. Adjusted EPS was 34 cents; although estimates vary, several reports characterized profit as below expectations and noted that EPS declined from 41 cents a year earlier. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Negative Sentiment: Third-quarter revenue guidance of about $650 million was well below Wall Street expectations and implies a potential year-over-year revenue decline—the first such decline forecast since the company’s IPO. The outlook suggests that weak consumer spending, tariffs, oil prices and cautious spending by large brands are affecting advertising budgets. Trade Desk shares plunge on weak revenue, guidance miss
• Negative Sentiment: Management acknowledged execution gaps and a changing customer environment, while profitability also weakened: adjusted EBITDA fell to approximately $241 million and margins contracted. The rapid restructuring of the C-suite added to investor uncertainty about execution and leadership stability. TTD Q2 Earnings Call Flags Execution Gaps and Cautious Q3 Guide

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.