Trade Desk (NASDAQ:TTD) Cut to Hold at Robert W. Baird

Trade Desk (NASDAQ:TTD) was downgraded by stock analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Wolfe Research restated an “outperform” rating and issued a $16.00 price target on shares of Trade Desk in a report on Friday. Wedbush set a $21.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a report on Friday, May 8th. Evercore downgraded Trade Desk from an “outperform” rating to an “in-line” rating and set a $13.00 price target on the stock. in a research report on Friday. Raymond James Financial lowered Trade Desk from a “market perform” rating to an “underperform” rating in a report on Friday. Finally, Cantor Fitzgerald dropped their target price on Trade Desk from $20.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Reduce” and an average target price of $20.85.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $13.80 on Friday. The stock has a market capitalization of $6.49 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.04. Trade Desk has a 1-year low of $12.83 and a 1-year high of $57.00. The business has a fifty day moving average price of $18.82 and a 200 day moving average price of $22.79.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.19%. Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. As a group, equities research analysts anticipate that Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’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 owned 13,099 shares in the company, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently made changes to their positions in the company. Binnacle Investments Inc purchased a new position in Trade Desk in the 3rd quarter worth $37,000. Bayforest Capital Ltd purchased a new stake in Trade Desk during the 4th quarter valued at about $35,000. Quarry LP acquired a new position in shares of Trade Desk in the fourth quarter valued at about $37,000. MCF Advisors LLC increased its holdings in shares of Trade Desk by 318.0% in the fourth quarter. MCF Advisors LLC now owns 1,024 shares of the technology company’s stock valued at $39,000 after purchasing an additional 779 shares during the period. Finally, BNP Paribas raised its stake in shares of Trade Desk by 336.5% in the fourth quarter. BNP Paribas now owns 1,052 shares of the technology company’s stock worth $40,000 after purchasing an additional 811 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk News Roundup

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

• Positive Sentiment: Customer retention remained strong, and management highlighted ongoing product improvements and major advertising partnerships. CEO Jeff Green has also reportedly purchased shares, potentially signaling confidence in the long-term opportunity. TTD Stock Sinks Over 26% On Earnings Miss, Weak Outlook
• Neutral Sentiment: Analysts substantially reduced price targets and ratings following the release. Needham retained a Buy rating with a $19 target, while other targets ranged from $12 to $15, reflecting significant disagreement over whether the selloff creates value or signals a prolonged downturn. The Trade Desk downgraded by Susquehanna
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to approximately $715 million, below the roughly $753 million consensus estimate. Adjusted EPS was 34 cents; although estimates vary, several reports characterized profit as below expectations and noted that EPS declined from 41 cents a year earlier. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Negative Sentiment: Third-quarter revenue guidance of about $650 million was well below Wall Street expectations and implies a potential year-over-year revenue decline—the first such decline forecast since the company’s IPO. The outlook suggests that weak consumer spending, tariffs, oil prices and cautious spending by large brands are affecting advertising budgets. Trade Desk shares plunge on weak revenue, guidance miss
• Negative Sentiment: Management acknowledged execution gaps and a changing customer environment, while profitability also weakened: adjusted EBITDA fell to approximately $241 million and margins contracted. The rapid restructuring of the C-suite added to investor uncertainty about execution and leadership stability. TTD Q2 Earnings Call Flags Execution Gaps and Cautious Q3 Guide

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.