The Trade Desk (NASDAQ:TTD) Receives $42.91 Consensus PT from Analysts

Shares of The Trade Desk (NASDAQ:TTD) have received an average recommendation of “Hold” from the thirty-seven ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.9412.

TTD has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on Trade Desk in a research note on Wednesday, January 14th. They issued a “neutral” rating and a $40.00 price objective for the company. New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price on the stock. in a research report on Thursday, February 26th. Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, January 23rd. Moffett Nathanson reiterated a “neutral” rating and issued a $32.00 price target on shares of Trade Desk in a research report on Thursday, February 26th. Finally, Wedbush reiterated an “underperform” rating and set a $23.00 price target on shares of Trade Desk in a research note on Friday, March 6th.

Insider Activity at Trade Desk

In related news, Director Kathryn E. Falberg sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TTD. Brighton Jones LLC boosted its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares in the last quarter. M&T Bank Corp raised its stake in shares of Trade Desk by 0.7% during the 2nd quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock worth $1,987,000 after buying an additional 194 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Trade Desk by 49.2% in the 3rd quarter. HighMark Wealth Management LLC now owns 713 shares of the technology company’s stock valued at $35,000 after buying an additional 235 shares during the period. Candriam S.C.A. boosted its stake in shares of Trade Desk by 0.9% in the second quarter. Candriam S.C.A. now owns 25,571 shares of the technology company’s stock valued at $1,841,000 after buying an additional 236 shares in the last quarter. Finally, Tidemark LLC grew its holdings in Trade Desk by 35.1% during the third quarter. Tidemark LLC now owns 943 shares of the technology company’s stock worth $46,000 after acquiring an additional 245 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD opened at $23.95 on Tuesday. Trade Desk has a 1-year low of $21.08 and a 1-year high of $91.45. The stock has a market cap of $11.40 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.13. The firm has a fifty day moving average price of $28.45 and a 200 day moving average price of $38.68.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.