The Trade Desk (NASDAQ:TTD) Receives $78.33 Average PT from Analysts

The Trade Desk (NASDAQ:TTD) has earned an average rating of “Hold” from the thirty-seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $78.3333.

Several analysts have commented on the stock. BTIG Research downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating in a research report on Friday, August 8th. Truist Financial reduced their price objective on shares of Trade Desk from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Moffett Nathanson cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective for the company. in a report on Friday, August 8th. Rosenblatt Securities lowered their target price on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, HSBC restated a “hold” rating and set a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th.

Insiders Place Their Bets

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after acquiring an additional 12,321,000 shares during the period. State Street Corp grew its position in shares of Trade Desk by 271.1% in 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 last quarter. Jennison Associates LLC increased its stake in shares of Trade Desk by 17.9% in the second quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares during the period. Geode Capital Management LLC lifted its position in shares of Trade Desk by 52.1% during the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock worth $884,860,000 after purchasing an additional 4,218,975 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Trade Desk by 2.7% during the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company’s stock worth $599,212,000 after purchasing an additional 221,228 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD opened at $40.47 on Wednesday. The company has a market capitalization of $19.57 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.43. Trade Desk has a fifty-two week low of $39.69 and a fifty-two week high of $141.53. The business has a 50-day moving average of $48.31 and a 200-day moving average of $62.25.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share 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 buy up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.