Brokerages Set The Trade Desk (NASDAQ:TTD) Target Price at $84.48

The Trade Desk (NASDAQ:TTD) has been assigned a consensus recommendation of “Hold” from the thirty-seven research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $84.4848.

Several equities research analysts have issued reports on the company. Piper Sandler lowered their price target on Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Jefferies Financial Group downgraded Trade Desk from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $100.00 to $50.00 in a report on Monday, August 11th. Stifel Nicolaus decreased their price objective on Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trade Desk in a report on Friday. Finally, BTIG Research downgraded Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th.

Trade Desk Trading Down 3.9%

NASDAQ:TTD opened at $52.00 on Friday. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The business’s 50-day moving average price is $50.71 and its two-hundred day moving average price is $62.61. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 62.65, a PEG ratio of 2.89 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Trade Desk will post 1.06 earnings per share for the current year.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’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 value of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company’s stock valued at $3,207,504,000 after buying an additional 317,107 shares during the last quarter. Jennison Associates LLC lifted its position 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 valued at $1,027,114,000 after buying an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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. Brown Advisory Inc. lifted its holdings in 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. Finally, Nuveen LLC acquired a new stake in Trade Desk during the 1st quarter worth approximately $191,935,000. 67.77% of the stock is owned by institutional investors and hedge funds.

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.