Evercore ISI Issues Pessimistic Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD) had its price target dropped by equities research analysts at Evercore ISI from $80.00 to $70.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Evercore ISI’s target price would indicate a potential upside of 64.42% from the company’s current price.

A number of other equities analysts have also commented on TTD. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday. Hsbc Global Res cut Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Citigroup reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Stifel Nicolaus lowered their price target on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, KeyCorp increased their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $80.76.

Trade Desk Stock Performance

Shares of TTD traded down $3.33 during mid-day trading on Friday, hitting $42.57. The company’s stock had a trading volume of 17,471,488 shares, compared to its average volume of 12,043,459. The firm has a market capitalization of $20.82 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.43. Trade Desk has a one year low of $41.77 and a one year high of $141.53. The stock’s 50-day moving average is $50.03 and its two-hundred day moving average is $62.66.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a stock buyback program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares of the company’s stock, valued at $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC lifted its stake in Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after acquiring an additional 310 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Trade Desk in the first quarter valued at approximately $26,000. Sound Income Strategies LLC lifted its position in shares of Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares during the last quarter. Versant Capital Management Inc boosted its stake 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 acquiring an additional 334 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of Trade Desk during the 3rd quarter worth approximately $26,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.