Trade Desk (NASDAQ:TTD) Reaches New 52-Week Low – Here’s What Happened

The Trade Desk (NASDAQ:TTD) hit a new 52-week low during trading on Thursday . The stock traded as low as $39.44 and last traded at $39.2470, with a volume of 6028397 shares changing hands. The stock had previously closed at $40.19.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. HSBC restated a “hold” rating and issued a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Benchmark upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, November 7th. Needham & Company LLC reduced their price objective on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. DA Davidson lowered their target price on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Evercore ISI cut their target price on Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $78.33.

Trade Desk Trading Up 3.4%

The stock has a market cap of $19.17 billion, a P/E ratio of 45.57, a P/E/G ratio of 1.90 and a beta of 1.43. The firm’s fifty day moving average is $47.95 and its 200 day moving average is $61.82.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results 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 return on equity of 16.00% and a net margin of 15.72%.The company had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock buyback program on Thursday, November 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the 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 sale, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Vanguard Group Inc. grew its position in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after acquiring an additional 4,218,975 shares during the period. Nuveen LLC acquired a new position in Trade Desk in the 1st quarter valued at approximately $191,935,000. Finally, Invesco Ltd. grew its holdings in shares of Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after purchasing an additional 3,421,074 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

About Trade Desk

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.