Zacks Research Downgrades Trade Desk (NASDAQ:TTD) to Strong Sell

Trade Desk (NASDAQ:TTD) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Trade Desk from a “market perform” rating to an “underperform” rating in a research report on Friday, August 7th. Wedbush set a $21.00 target price on Trade Desk and gave the stock a “neutral” rating in a research note on Friday, May 8th. Morgan Stanley set a $13.00 price objective on Trade Desk in a research report on Monday. Cantor Fitzgerald reduced their price target on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 7th. Finally, Rothschild & Co Redburn began coverage on Trade Desk in a research report on Thursday, May 28th. They set a “sell” rating and a $11.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Reduce” and a consensus target price of $19.33.

Trade Desk Stock Performance

TTD stock opened at $13.49 on Tuesday. Trade Desk has a one year low of $12.83 and a one year high of $56.39. The firm has a market cap of $6.34 billion, a PE ratio of 16.06, a P/E/G ratio of 0.69 and a beta of 1.04. The firm’s fifty day moving average is $18.33 and its 200 day moving average is $22.23.

Insider Buying and Selling at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred 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 directly owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.41% of the company’s stock.

Institutional Trading of Trade Desk

A number of large investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Trade Desk by 271.1% in the 3rd 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 last quarter. Norges Bank purchased a new position in Trade Desk in the 4th quarter valued at $197,550,000. Federated Hermes Inc. grew its position in Trade Desk by 1,041.1% in the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after buying an additional 4,298,009 shares during the last quarter. Voloridge Investment Management LLC increased its stake in Trade Desk by 676.6% in the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock valued at $159,739,000 after buying an additional 3,666,189 shares during the period. Finally, Invesco Ltd. raised its position in Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.