Trade Desk (NASDAQ:TTD) Shares Down 7.8% – Time to Sell?

The Trade Desk (NASDAQ:TTD)’s stock price dropped 7.8% on Tuesday . The stock traded as low as $25.16 and last traded at $24.9810. Approximately 16,982,582 shares were traded during trading, a decline of 0% from the average daily volume of 16,993,553 shares. The stock had previously closed at $27.08.

Analysts Set New Price Targets

TTD has been the topic of several research analyst reports. Citizens Jmp downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 23rd. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price for the company. in a research note on Thursday, February 26th. Piper Sandler reissued a “neutral” rating and issued a $28.00 price target (down from $50.00) on shares of Trade Desk in a report on Monday, March 2nd. BNP Paribas Exane assumed coverage on shares of Trade Desk in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price target on the stock. Finally, Needham & Company LLC dropped their price objective on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $42.91.

Trade Desk Stock Down 6.6%

The company’s fifty day moving average price is $29.85 and its 200 day moving average price is $39.73. The company has a market capitalization of $12.23 billion, a P/E ratio of 28.10, a PEG ratio of 1.08 and a beta of 1.13.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The business had revenue of $846.79 million during the quarter, compared to analysts’ expectations of $840.56 million. During the same period in the previous year, the company posted $0.59 earnings per share. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock repurchase program on Wednesday, February 25th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares of the company’s stock, valued at $59,255.70. The trade was a 98.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the company. Family Legacy Financial Solutions LLC raised its position in Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 334 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Trade Desk during the 3rd quarter worth $26,000. Elevation Wealth Partners LLC lifted its position in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after buying an additional 691 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Trade Desk in the second quarter valued at about $28,000. Institutional investors own 67.77% of the company’s stock.

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.