Trade Desk (NASDAQ:TTD) Sets New 1-Year Low – Should You Sell?

The Trade Desk (NASDAQ:TTD) hit a new 52-week low during trading on Thursday . The company traded as low as $39.44 and last traded at $39.2470, with a volume of 6028397 shares trading hands. The stock had previously closed at $40.19.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Guggenheim set a $55.00 price target on Trade Desk and gave the stock a “buy” rating in a research note on Monday, September 29th. Hsbc Global Res downgraded shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Truist Financial cut their price target on shares of Trade Desk from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Finally, Susquehanna reduced their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Hold” and a consensus target price of $78.33.

Trade Desk Price Performance

The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 2.01 and a beta of 1.43. The business has a 50 day simple moving average of $48.19 and a 200-day simple moving average of $62.09.

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, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.Trade Desk’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has approved a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

A number of institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC lifted its position in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares in the last quarter. Transce3nd LLC bought a new position in Trade Desk during the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk in the 2nd quarter valued at about $28,000. West Oak Capital LLC increased its stake in shares of Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after purchasing an additional 350 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in Trade Desk during the 1st quarter worth $26,000. 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.