Trade Desk (NASDAQ:TTD) Rating Lowered to In-Line at Evercore

Trade Desk (NASDAQ:TTD) was downgraded by Evercore from an “outperform” rating to an “in-line” rating in a report issued on Friday, MarketBeat reports. They currently have a $13.00 target price on the technology company’s stock. Evercore’s price objective would indicate a potential downside of 26.43% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Scotiabank set a $20.00 price target on Trade Desk in a report on Monday, May 11th. Needham & Company LLC reduced their price objective on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Benchmark reiterated a “buy” rating on shares of Trade Desk in a research note on Monday. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-seven have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and an average target price of $24.02.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $17.67 on Friday. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 0.92 and a beta of 1.04. The business’s 50-day simple moving average is $18.97 and its 200-day simple moving average is $22.85. Trade Desk has a 52 week low of $16.70 and a 52 week high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.16. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.59 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Trade Desk will post 1.17 earnings per share for the current year.

Insider Activity

In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 11.41% of the company’s stock.

Institutional Trading of Trade Desk

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Norges Bank bought a new position in Trade Desk in the fourth quarter worth $197,550,000. Federated Hermes Inc. lifted its position in Trade Desk by 1,041.1% in the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after purchasing an additional 4,298,009 shares during the period. Voloridge Investment Management LLC boosted its stake in Trade Desk by 676.6% during the fourth quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after buying an additional 3,666,189 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after buying an additional 3,421,074 shares during the period. 67.77% of the stock is owned by institutional investors.

Key Stories Impacting Trade Desk

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

• Positive Sentiment: Adjusted earnings were $0.34 per share, exceeding the $0.18 consensus estimate cited by several outlets. The company also highlighted strong customer retention and continuing relationships with major advertising partners. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Neutral Sentiment: CEO Jeff Green said customers are operating in a “different environment,” citing macroeconomic pressure and execution issues. The comments suggest advertising budgets and the company’s ability to convert demand may remain uneven. TTD Stock Crashes Overnight
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to $715.1 million, missing analyst expectations of approximately $752.6 million. Adjusted earnings were below the $0.41 estimate tracked by Zacks and declined from $0.41 a year earlier, adding to concerns about decelerating profitability. The Trade Desk Misses Q2 Earnings and Revenue Estimates
• Negative Sentiment: Third-quarter revenue guidance of $650 million was reportedly about 19% below consensus expectations. Investors viewed the forecast as a possible indication that The Trade Desk could post its first annual revenue decline since its IPO. The Trade Desk Stock Plunges on Disappointing Earnings
• Negative Sentiment: Profitability also weakened: adjusted EBITDA fell to roughly $241 million, while margin pressure and continued growth concerns overshadowed customer retention and strategic partnerships. The selloff leaves TTD near its 1-year low and below both its 50-day and 200-day moving averages. Trade Desk Sinks on Revenue Miss and Margin Pressure

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.