Trade Desk (NASDAQ:TTD) Reaches New 1-Year Low – Here’s Why

Shares of The Trade Desk (NASDAQ:TTD) reached a new 52-week low during trading on Friday . The company traded as low as $21.03 and last traded at $21.4110, with a volume of 3051659 shares. The stock had previously closed at $21.74.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus set a $26.00 price target on Trade Desk and gave the stock a “hold” rating in a research note on Tuesday, March 17th. Needham & Company LLC reduced their target price 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. Wedbush reaffirmed an “underperform” rating and set a $23.00 price target on shares of Trade Desk in a research report on Friday, March 6th. Piper Sandler reissued a “neutral” rating and set a $28.00 price target (down from $50.00) on shares of Trade Desk in a research report on Monday, March 2nd. Finally, UBS Group reduced their target price on shares of Trade Desk from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Hold” and a consensus price target of $41.94.

Trade Desk Trading Down 1.7%

The firm has a market cap of $10.17 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 0.87 and a beta of 1.13. The firm’s 50 day moving average is $27.56 and its two-hundred day moving average is $38.24.

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

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

Insider Transactions at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of Trade Desk

Several large investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after purchasing an additional 26,559,005 shares during the last quarter. Vanguard Group Inc. grew its holdings in Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after acquiring an additional 12,321,000 shares during the last quarter. Norges Bank bought a new position in shares of Trade Desk during the fourth quarter valued at $197,550,000. Federated Hermes Inc. lifted its holdings in shares of Trade Desk by 1,041.1% during the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after purchasing an additional 4,298,009 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in Trade Desk by 676.6% in the fourth quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock valued at $159,739,000 after purchasing an additional 3,666,189 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

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.