Trade Desk (NASDAQ:TTD) Shares Down 5.1% – Here’s Why

The Trade Desk (NASDAQ:TTD)’s stock price dropped 5.1% during mid-day trading on Tuesday . The company traded as low as $17.62 and last traded at $17.6960. 5,178,287 shares were traded during mid-day trading, a decline of 73% from the average session volume of 19,097,631 shares. The stock had previously closed at $18.65.

Analyst Ratings Changes

Several equities research analysts have weighed in on TTD shares. Evercore set a $27.00 price target on Trade Desk in a report on Friday, May 8th. Scotiabank set a $20.00 price objective on Trade Desk in a research report on Monday, May 11th. Wedbush set a $21.00 target price on shares of Trade Desk and gave the stock a “neutral” rating in a research note on Friday, May 8th. Rosenblatt Securities decreased their price target on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Wells Fargo & Company set a $20.00 price target on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, Trade Desk has a consensus rating of “Hold” and a consensus price target of $33.52.

Trade Desk Stock Performance

The firm’s 50-day moving average price is $21.11 and its two-hundred day moving average price is $26.58. The firm has a market cap of $8.48 billion, a PE ratio of 20.39, a P/E/G ratio of 0.89 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Trade Desk’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC raised its holdings in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after buying an additional 691 shares during the last quarter. Binnacle Investments Inc purchased a new position in shares of Trade Desk during the third quarter worth about $37,000. Albion Financial Group UT acquired a new position in Trade Desk in the 4th quarter valued at about $30,000. Caitlin John LLC purchased a new stake in Trade Desk during the 3rd quarter valued at approximately $41,000. Finally, Pinnacle Holdings LLC acquired a new stake in Trade Desk during the 3rd quarter worth approximately $43,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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.