Trade Desk (NASDAQ:TTD) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Trade Desk (NASDAQ:TTD) from a hold rating to a sell rating in a research note released on Saturday.

A number of other equities research analysts also recently issued reports on the company. Wedbush set a $21.00 price objective on Trade Desk and gave the company a “neutral” rating in a research report on Friday, May 8th. Evercore cut Trade Desk from an “outperform” rating to an “in-line” rating and set a $13.00 target price for the company. in a report on Friday. Wells Fargo & Company set a $12.00 target price on Trade Desk and gave the company an “equal weight” rating in a research report on Friday. Arete Research set a $11.60 price target on Trade Desk and gave the stock a “sell” rating in a research report on Tuesday, June 30th. Finally, DA Davidson set a $16.00 price target on Trade Desk in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $19.33.

Trade Desk Stock Down 3.0%

TTD stock opened at $13.39 on Friday. Trade Desk has a 52 week low of $12.83 and a 52 week high of $56.77. The company has a fifty day simple moving average of $18.62 and a two-hundred day simple moving average of $22.55. The firm has a market capitalization of $6.29 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.04.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.41% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

A number of large investors have recently bought and sold shares of the business. Nicholas Company Inc. increased its stake in shares of Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after buying an additional 127,049 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in Trade Desk by 272.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after acquiring an additional 50,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Trade Desk by 235.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock worth $22,330,000 after acquiring an additional 412,842 shares during the period. Deane Retirement Strategies Inc. purchased a new stake in Trade Desk in the second quarter worth about $2,101,000. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Trade Desk during the 4th quarter worth about $13,042,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Key Headlines Impacting Trade Desk

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

• Positive Sentiment: Unusual options activity provided a limited bullish signal: traders purchased 70,402 call options, 27% above typical daily call volume. However, this does not necessarily indicate a change in the company’s fundamentals.
• Neutral Sentiment: CEO Jeffrey Green has continued buying shares, including approximately 6 million shares over the past six months. Investors are weighing that insider confidence against the stock’s steep decline and weaker business outlook. The Trade Desk Stock Opinions on Earnings Miss and Guidance Cut
• Negative Sentiment: The latest earnings report and third-quarter guidance disappointed investors. Revenue was reported at approximately $715.1 million, up only about 3% year over year, while the outlook pointed to further deceleration. The results raised concerns about weakening demand and limited near-term growth in programmatic advertising. Why The Trade Desk Shares Are Plunging Today
• Negative Sentiment: Analysts responded by cutting ratings and price targets. BNP Paribas Exane downgraded TTD to “underperform” with a $10 target, while DA Davidson lowered its target to $16 and maintained a “neutral” rating. Robert W. Baird, Evercore, BMO Capital Markets, and RBC also reduced their ratings or outlooks. Additional target cuts included $14 from Cantor Fitzgerald and $12 from Rosenblatt Securities. Why Is The Trade Desk Stock Falling on Monday?
• Negative Sentiment: The selloff has been more severe than declines among some advertising technology peers, suggesting investors view The Trade Desk’s earnings execution and growth profile as company-specific weaknesses rather than simply an industry-wide problem. Trade Desk Stock Is Falling Today
• Negative Sentiment: Institutional positioning also appears cautious, with more funds reducing holdings than adding shares in the latest quarter. This reinforces pressure on TTD as investors reassess its valuation and competitive moat.

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.