Trade Desk (NASDAQ:TTD) Trading Down 7.8% – Should You Sell?

Shares of The Trade Desk (NASDAQ:TTD) dropped 7.8% during trading on Tuesday . The stock traded as low as $25.16 and last traded at $24.9810. Approximately 16,982,582 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 16,993,553 shares. The stock had previously closed at $27.08.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Truist Financial decreased their price target on Trade Desk from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC dropped their price objective on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Moffett Nathanson reissued a “neutral” rating and issued a $32.00 target price on shares of Trade Desk in a research report on Thursday, February 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 target price on shares of Trade Desk in a report on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.91.

Trade Desk Stock Down 6.6%

The stock has a market cap of $12.23 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The firm’s 50-day moving average is $29.85 and its two-hundred day moving average is $39.73.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $846.79 million for the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. Trade Desk’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS. Analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Kathryn E. Falberg sold 50,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors lifted its holdings in Trade Desk by 5.2% in the 4th quarter. World Investment Advisors now owns 13,092 shares of the technology company’s stock worth $497,000 after purchasing an additional 644 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Trade Desk by 6.1% during the fourth quarter. Corient Private Wealth LLC now owns 40,805 shares of the technology company’s stock valued at $1,549,000 after purchasing an additional 2,341 shares during the last quarter. EMC Capital Management grew its holdings in Trade Desk by 106.7% during the fourth quarter. EMC Capital Management now owns 50,951 shares of the technology company’s stock valued at $1,900,000 after purchasing an additional 26,300 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Trade Desk by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,027,963 shares of the technology company’s stock valued at $39,116,000 after purchasing an additional 109,297 shares during the period. Finally, AG Campbell Advisory LLC acquired a new stake in shares of Trade Desk in the fourth quarter worth $42,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.