DA Davidson Lowers Trade Desk (NASDAQ:TTD) Price Target to $54.00

Trade Desk (NASDAQ:TTD) had its price objective reduced by analysts at DA Davidson from $80.00 to $54.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s price target suggests a potential upside of 24.71% from the company’s previous close.

TTD has been the subject of several other reports. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. HSBC reiterated a “hold” rating and set a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Piper Sandler reduced their price target on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Scotiabank dropped their price objective on shares of Trade Desk from $83.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $78.33.

Trade Desk Trading Up 0.7%

Shares of TTD traded up $0.30 during trading hours on Monday, reaching $43.30. 21,087,313 shares of the company traded hands, compared to its average volume of 12,158,253. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 49.77, a PEG ratio of 2.34 and a beta of 1.43. Trade Desk has a 12-month low of $41.77 and a 12-month high of $141.53. The stock’s fifty day moving average price is $49.80 and its 200 day moving average price is $62.81.

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

Trade Desk announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to repurchase 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 the stock in a transaction 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 in the company, valued at approximately $242,687. This represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC acquired a new stake in shares of Trade Desk during the second quarter worth $5,029,000. Congress Park Capital LLC grew its stake in Trade Desk by 13.2% during the 2nd quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company’s stock valued at $3,872,000 after purchasing an additional 6,257 shares during the last quarter. Swedbank AB raised its stake in shares of Trade Desk by 32.2% in the second quarter. Swedbank AB now owns 552,260 shares of the technology company’s stock worth $39,757,000 after purchasing an additional 134,620 shares during the last quarter. First Bank & Trust boosted its position in Trade Desk by 137.6% in the second quarter. First Bank & Trust now owns 23,166 shares of the technology company’s stock valued at $1,668,000 after buying an additional 13,418 shares during the last quarter. Finally, Pointe Capital Management LLC acquired a new stake in Trade Desk during the 2nd quarter valued at approximately $8,246,000. 67.77% of the stock is currently owned by hedge funds and other 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.