Needham & Company LLC Lowers Trade Desk (NASDAQ:TTD) Price Target to $19.00

Trade Desk (NASDAQ:TTD) had its target price lowered by Needham & Company LLC from $25.00 to $19.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 44.86% from the company’s previous close.

A number of other equities research analysts also recently issued reports on TTD. Robert W. Baird set a $9.00 price objective on Trade Desk and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets cut shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Friday. Truist Financial set a $16.00 price target on shares of Trade Desk and gave the company a “hold” rating in a research report on Friday. Citigroup downgraded Trade Desk from a “neutral” rating to a “sell” rating in a report on Friday. Finally, KeyCorp cut shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-seven have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.84.

Trade Desk Trading Down 25.8%

Shares of Trade Desk stock opened at $13.12 on Friday. Trade Desk has a 12 month low of $12.55 and a 12 month high of $57.00. The firm has a market capitalization of $6.17 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 0.92 and a beta of 1.04. The business’s fifty day simple moving average is $18.97 and its 200 day simple moving average is $22.85.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.16. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $715.06 million during the quarter, compared to analyst estimates of $752.59 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts predict that Trade Desk will post 1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’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 completion of the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.41% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its stake 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 worth $1,781,723,000 after acquiring an additional 26,559,005 shares during the last quarter. Norges Bank bought a new stake in Trade Desk in the 4th quarter worth approximately $197,550,000. Federated Hermes Inc. raised its stake in Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after buying an additional 4,298,009 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Trade Desk by 676.6% in the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after buying an additional 3,666,189 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trending Headlines about Trade Desk

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

• Positive Sentiment: Trade Desk reported adjusted earnings of $0.34 per share, above the $0.18 consensus estimate cited by several reports. Customer retention and major partnerships also remained areas of strength. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Neutral Sentiment: Management attributed the slowdown to weak consumer spending, tariffs, oil prices and a more difficult operating environment for customers, while also acknowledging execution issues. CEO Jeff Green said advertisers are operating in a materially different environment. Trade Desk Blames Weak Consumer Spending, Tariffs and Oil Prices for Slowing Growth
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to approximately $715 million, well below analysts’ estimates near $753 million. Profitability also weakened, with adjusted EBITDA declining to about $241 million and margins contracting. Trade Desk sinks on revenue miss, margin pressure
• Negative Sentiment: Third-quarter revenue guidance of approximately $650 million significantly missed expectations—reported as roughly 19% below consensus—and fueled fears of a potential post-IPO annual revenue decline. The weaker outlook overshadowed the earnings beat. The Trade Desk Reports Sales Below Analyst Estimates
• Negative Sentiment: Analysts responded with multiple downgrades: Evercore moved to “in-line” with a $13 target, while BMO and RBC shifted to market- or sector-perform ratings with $15 targets. Cantor cut its target to $14, and Rosenblatt reduced its target to $12, reinforcing concerns about slowing growth and valuation.

About Trade Desk

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.