The Trade Desk (NASDAQ:TTD) Receives $33.91 Consensus PT from Analysts

Shares of The Trade Desk (NASDAQ:TTD) have been given an average recommendation of “Hold” by the thirty-eight brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $33.9118.

A number of brokerages have recently issued reports on TTD. William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. KeyCorp cut Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Evercore set a $27.00 target price on Trade Desk in a report on Friday, May 8th. Piper Sandler reissued a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Finally, HSBC lowered Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 price target on the stock. in a research report on Monday, May 11th.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction that occurred on 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 directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nicholas Company Inc. lifted its position in Trade Desk by 14.3% during the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after acquiring an additional 127,049 shares in the last quarter. Jacobson & Schmitt Advisors LLC raised its position in shares of Trade Desk by 19.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after purchasing an additional 47,539 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Trade Desk by 272.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after purchasing an additional 50,209 shares in the last quarter. Jericho Capital Asset Management L.P. raised its position in shares of Trade Desk by 86.3% in the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Trade Desk by 235.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock valued at $22,330,000 after purchasing an additional 412,842 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $18.65 on Thursday. Trade Desk has a 1 year low of $16.98 and a 1 year high of $91.45. The stock has a market capitalization of $8.77 billion, a P/E ratio of 21.19, a PEG ratio of 0.89 and a beta of 1.05. The stock has a 50-day simple moving average of $21.11 and a 200-day simple moving average of $26.58.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts predict that Trade Desk will post 1.17 earnings per share for the current year.

About Trade Desk

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.