Trade Desk (NASDAQ:TTD) Price Target Cut to $64.00 by Analysts at Rosenblatt Securities

Trade Desk (NASDAQ:TTD) had its target price reduced by research analysts at Rosenblatt Securities from $78.00 to $64.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 47.84% from the company’s current price.

TTD has been the topic of several other research reports. Morgan Stanley downgraded shares of Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Wedbush upgraded Trade Desk to a “hold” rating in a research note on Tuesday. Piper Sandler dropped their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. KeyCorp increased their price target on Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trade Desk in a research note on Wednesday, October 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.06.

Trade Desk Trading Down 5.7%

NASDAQ:TTD traded down $2.61 during mid-day trading on Friday, hitting $43.29. The company had a trading volume of 5,572,138 shares, compared to its average volume of 11,983,823. The business has a fifty day simple moving average of $50.03 and a 200-day simple moving average of $62.66. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 52.52, a PEG ratio of 2.55 and a beta of 1.43. Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to analyst estimates of $719.11 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. 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 of Directors has approved a stock buyback program on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

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

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently made changes to their positions in TTD. State of New Jersey Common Pension Fund D lifted its holdings in shares of Trade Desk by 2.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 157,846 shares of the technology company’s stock valued at $7,736,000 after purchasing an additional 3,264 shares in the last quarter. Aberdeen Group plc boosted its position in Trade Desk by 36.8% during the 3rd quarter. Aberdeen Group plc now owns 102,883 shares of the technology company’s stock worth $5,042,000 after acquiring an additional 27,672 shares during the period. Murphy & Mullick Capital Management Corp grew its stake in Trade Desk by 11.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 6,287 shares of the technology company’s stock valued at $308,000 after acquiring an additional 650 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Trade Desk by 133.9% in the third quarter. Metis Global Partners LLC now owns 16,836 shares of the technology company’s stock worth $825,000 after purchasing an additional 9,637 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Trade Desk by 52.5% during the third quarter. Assetmark Inc. now owns 51,276 shares of the technology company’s stock worth $2,513,000 after purchasing an additional 17,663 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Company Profile

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.