Trade Desk (NASDAQ:TTD) Raised to “Hold” at Zacks Research

Trade Desk (NASDAQ:TTD) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. KeyCorp boosted their price target on shares of Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Wedbush reiterated a “neutral” rating and issued a $50.00 target price on shares of Trade Desk in a research report on Friday, November 7th. Royal Bank Of Canada set a $80.00 price target on shares of Trade Desk and gave the company an “outperform” rating in a research note on Friday, November 7th. Morgan Stanley lowered Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Finally, Benchmark upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $78.33.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $43.79 on Tuesday. The firm has a 50-day simple moving average of $49.17 and a two-hundred day simple moving average of $62.54. Trade Desk has a fifty-two week low of $41.77 and a fifty-two week high of $141.53. The company has a market cap of $21.41 billion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.Trade Desk’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its board has initiated a stock repurchase plan on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred on Wednesday, September 10th. The shares were 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 in the company, valued at $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TTD. Brighton Jones LLC boosted its holdings in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC raised its position in shares of Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after acquiring an additional 485 shares during the period. Sigma Planning Corp boosted its stake in Trade Desk by 25.6% during the 1st quarter. Sigma Planning Corp now owns 16,709 shares of the technology company’s stock worth $914,000 after acquiring an additional 3,406 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Trade Desk by 13.2% during the first quarter. Apollon Wealth Management LLC now owns 32,951 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 3,852 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Trade Desk by 8.9% in the first quarter. SBI Securities Co. Ltd. now owns 8,469 shares of the technology company’s stock valued at $463,000 after purchasing an additional 692 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

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.