Trade Desk (NASDAQ:TTD) Stock Price Down 5.1% Following Analyst Downgrade

The Trade Desk (NASDAQ:TTD)’s stock price fell 5.1% on Tuesday after Arete Research downgraded the stock from a hold rating to a strong sell rating. Arete Research now has a $11.60 price target on the stock. Trade Desk traded as low as $17.62 and last traded at $17.6960. Approximately 5,178,287 shares traded hands during trading, a decline of 73% from the average daily volume of 19,097,631 shares. The stock had previously closed at $18.65.

Several other equities analysts have also weighed in on the company. Needham & Company LLC cut their price target on Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Scotiabank set a $20.00 target price on shares of Trade Desk in a research note on Monday, May 11th. HSBC lowered shares of Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price target on the stock. in a research note on Monday, May 11th. Rosenblatt Securities cut their price objective on Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, UBS Group set a $31.00 price target on Trade Desk and gave the stock a “buy” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.52.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC raised its holdings in shares of Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after purchasing an additional 691 shares in the last quarter. Binnacle Investments Inc purchased a new stake in Trade Desk during the third quarter worth approximately $37,000. Albion Financial Group UT acquired a new position in Trade Desk in the fourth quarter valued at approximately $30,000. Pinnacle Holdings LLC purchased a new stake in shares of Trade Desk during the 3rd quarter worth approximately $43,000. Finally, CVA Family Office LLC boosted its holdings in shares of Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after buying an additional 344 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Trading Up 0.7%

The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company’s 50 day moving average is $20.93 and its 200 day moving average is $26.31.

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 the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. During the same period in the previous year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts anticipate that The Trade Desk will post 1.17 EPS for the current fiscal year.

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.