Trade Desk (NASDAQ:TTD) Rating Lowered to “Underperform” at BNP Paribas Exane

Trade Desk (NASDAQ:TTD) was downgraded by research analysts at BNP Paribas Exane from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday. They presently have a $10.00 price objective on the technology company’s stock. BNP Paribas Exane’s price target suggests a potential downside of 22.74% from the company’s previous close.

A number of other research analysts have also recently commented on TTD. Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $16.00 target price (down from $29.00) on shares of Trade Desk in a research report on Monday. Benchmark restated a “buy” rating and set a $20.00 price target (down from $30.00) on shares of Trade Desk in a research report on Monday, August 3rd. Finally, Rosenblatt Securities decreased their price objective on Trade Desk from $24.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $19.33.

Trade Desk Stock Down 6.2%

NASDAQ:TTD traded down $0.86 during midday trading on Monday, hitting $12.94. The company had a trading volume of 26,503,592 shares, compared to its average volume of 19,717,338. The company has a market capitalization of $6.09 billion, a PE ratio of 15.39, a P/E/G ratio of 0.67 and a beta of 1.04. Trade Desk has a 52-week low of $12.83 and a 52-week high of $56.77. The stock’s fifty day moving average price is $18.82 and its 200-day moving average price is $22.70.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%.Trade Desk’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Trade Desk will post 1.17 earnings per share for the current year.

Insider Activity

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.41% of the company’s stock.

Institutional Trading of Trade Desk

Several large investors have recently modified their holdings of the business. Nicholas Company Inc. increased its position in Trade Desk by 14.3% during the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after purchasing an additional 127,049 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in shares of Trade Desk by 272.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after purchasing an additional 50,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Trade Desk by 235.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock valued at $22,330,000 after purchasing an additional 412,842 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Trade Desk during the fourth quarter valued at about $13,042,000. Finally, Deane Retirement Strategies Inc. purchased a new position in shares of Trade Desk during the second quarter valued at about $2,101,000. 67.77% of the stock is owned by institutional investors.

Trade Desk News Roundup

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

• Positive Sentiment: CEO Jeffrey Green purchased approximately 6 million shares worth $148.1 million over the past six months, signaling management confidence despite the recent weakness.
• Positive Sentiment: The stock’s analyst price-target median remains $28, materially above its recent trading level, although targets have been revised lower by several firms.
• Neutral Sentiment: Institutional positioning was mixed: 319 investors increased holdings while 582 reduced them. Baillie Gifford fully exited its position, and State Street and BlackRock also cut their stakes, while several quantitative funds added shares.
• Neutral Sentiment: Congressional trading was also mixed, with four purchases and five sales reported over the past six months, offering limited directional insight.
• Negative Sentiment: Investor discussion focused on an earnings shortfall and sharply lower third-quarter guidance. Reported second-quarter revenue of $715.1 million increased only 3.0% year over year, reinforcing concerns about decelerating growth.
• Negative Sentiment: DA Davidson downgraded TTD from Buy to Neutral, while Robert W. Baird cut its rating to Hold. Evercore, BMO Capital Markets, and RBC also lowered their ratings recently. Trade Desk Cut to Hold at Robert W. Baird
• Negative Sentiment: Cantor Fitzgerald reduced its price target to $14, and Rosenblatt Securities cut its target to $12, indicating that analysts see limited near-term upside. Cantor Fitzgerald Cuts Trade Desk Price Target
• Negative Sentiment: Social-media commentary remains predominantly bearish, citing the absence of a durable competitive moat, valuation risk, and the possibility of continued volatility if growth remains in the single digits.

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.