Trade Desk (NASDAQ:TTD) Cut to Hold at Loop Capital

Loop Capital lowered shares of Trade Desk (NASDAQ:TTD) from a buy rating to a hold rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. Loop Capital currently has $25.00 target price on the technology company’s stock, down from their previous target price of $75.00.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley lowered their target price on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, November 7th. Rosenblatt Securities reduced their target price on shares of Trade Desk from $64.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Citizens Jmp downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 23rd. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price target (down from $65.00) on shares of Trade Desk in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $44.70.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $23.82 on Thursday. The firm has a market capitalization of $11.52 billion, a PE ratio of 26.47, a P/E/G ratio of 0.93 and a beta of 1.10. Trade Desk has a 12 month low of $21.08 and a 12 month high of $91.45. The business has a 50-day moving average of $32.27 and a two-hundred day moving average of $41.81.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The firm had revenue of $846.79 million for the quarter, compared to analyst estimates of $840.56 million. During the same quarter last year, the firm posted $0.59 earnings per share. Trade Desk’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Trade Desk by 3.8% during the 4th 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. Bison Wealth LLC increased its holdings in shares of Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after acquiring an additional 485 shares in the last quarter. Woodline Partners LP raised its position in shares of Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after purchasing an additional 2,269 shares during the period. Ethic Inc. lifted its holdings in shares of Trade Desk by 59.9% during the 2nd quarter. Ethic Inc. now owns 5,657 shares of the technology company’s stock valued at $392,000 after purchasing an additional 2,119 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Trade Desk by 11.9% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 18,218 shares of the technology company’s stock valued at $1,312,000 after purchasing an additional 1,936 shares during the period. Institutional investors own 67.77% of the company’s stock.

More Trade Desk News

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

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

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.