Trade Desk (NASDAQ:TTD) Stock Price Up 1.7% – Here’s Why

The Trade Desk (NASDAQ:TTD) was up 1.7% during mid-day trading on Wednesday . The company traded as high as $38.14 and last traded at $38.06. Approximately 4,207,117 shares changed hands during trading, a decline of 66% from the average daily volume of 12,367,797 shares. The stock had previously closed at $37.44.

Analyst Upgrades and Downgrades

TTD has been the subject of several research reports. Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Jefferies Financial Group set a $40.00 target price on shares of Trade Desk and gave the stock a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Trade Desk in a research note on Monday. Guggenheim set a $55.00 price target on Trade Desk and gave the company a “buy” rating in a report on Monday, September 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a $82.00 price objective (up previously from $80.00) on shares of Trade Desk in a report on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $76.56.

Trade Desk Stock Up 1.7%

The firm has a market capitalization of $18.41 billion, a PE ratio of 43.75, a PEG ratio of 1.86 and a beta of 1.07. The stock’s fifty day simple moving average is $43.28 and its 200 day simple moving average is $56.29.

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

Trade Desk declared that its board has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TTD. Family Legacy Financial Solutions LLC increased its holdings in Trade Desk by 163.2% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after purchasing an additional 334 shares during the period. Root Financial Partners LLC bought a new position in shares of Trade Desk in the third quarter worth approximately $26,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Trade Desk in the second quarter worth $28,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.