Trade Desk (NASDAQ:TTD) Downgraded by Cfra Research to Hold

Trade Desk (NASDAQ:TTD) was downgraded by equities researchers at Cfra Research from a “moderate buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, January 23rd. Royal Bank Of Canada set a $80.00 target price on Trade Desk and gave the stock an “outperform” rating in a research report on Friday, November 7th. Wall Street Zen upgraded Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Rosenblatt Securities lowered their price target on Trade Desk from $64.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, JMP Securities set a $60.00 target price on shares of Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, nineteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.53.

Trade Desk Price Performance

NASDAQ:TTD opened at $32.19 on Tuesday. The stock has a market cap of $15.57 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.33 and a beta of 1.11. Trade Desk has a fifty-two week low of $31.83 and a fifty-two week high of $125.80. The stock’s 50-day moving average is $37.75 and its two-hundred day moving average is $50.20.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same period last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has approved a stock repurchase 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 buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

Institutional investors have recently made changes to their positions in the business. State Street Corp increased its position in Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares during the period. Vanguard Group Inc. boosted its holdings in Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after purchasing an additional 12,321,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after purchasing an additional 4,218,975 shares during the period. Invesco Ltd. increased its holdings in shares of Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after purchasing an additional 3,421,074 shares during the period. Finally, Norges Bank acquired a new position in shares of Trade Desk during the second quarter valued at about $197,362,000. 67.77% of the stock is currently owned by institutional investors.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Tahnil Davis named interim CFO (long-tenured finance executive, continuity in accounting/finance while company searches for a permanent CFO). This may limit operational disruption and reassure some investors. The Trade Desk Announces Tahnil Davis as Interim Chief Financial Officer
• Positive Sentiment: Rosenblatt cut its price target but retained a “buy” rating (PT lowered from $64 to $53), signaling some analysts still view longer-term upside despite near-term shocks. PT Lowered to $53 at Rosenblatt
• Neutral Sentiment: CFRA reaffirmed a “hold” rating with a $40 price target — a mid-point view that suggests some analysts see recovery potential but lack conviction for an outright buy today. CFRA hold rating reaffirmed
• Negative Sentiment: Surprise CFO resignation (Alex Kayyal) and the company’s second CFO transition in under six months spurred investor concern about leadership stability and execution risk. Multiple outlets note the departure as the primary catalyst for the sell-off. Why The Trade Desk Stock Is Plummeting Today
• Negative Sentiment: Several firms cut price targets or downgraded the stock after the CFO exit, accelerating the decline and pushing TTD to a 52-week low. Analyst downgrades increase near-term selling pressure. Trade Desk Hits New 1-Year Low on Analyst Downgrade
• Negative Sentiment: Q4 revenue guidance was issued at roughly $840M versus a consensus ~ $841.4M — a small miss that, combined with the leadership shake-up, reinforced growth/visibility concerns. TTD Stock Falls Amid Market Uptick

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.