Trade Desk Sees Unusually High Options Volume (NASDAQ:TTD)

The Trade Desk (NASDAQ:TTD) saw some unusual options trading activity on Tuesday. Traders purchased 61,553 call options on the stock. This is an increase of approximately 20% compared to the typical daily volume of 51,424 call options.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Guggenheim raised their price objective on shares of Trade Desk from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday. Moffett Nathanson set a $6.00 price objective on shares of Trade Desk in a research note on Friday, August 7th. Cantor Fitzgerald lowered their target price on shares of Trade Desk from $20.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Scotiabank increased their target price on Trade Desk from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Wall Street Zen lowered Trade Desk from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $18.58.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tema ETFs LLC increased its holdings in shares of Trade Desk by 9.5% in the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock valued at $151,000 after buying an additional 725 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Trade Desk by 4.1% in the 1st quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company’s stock worth $567,000 after acquiring an additional 983 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Trade Desk by 159.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,247 shares during the period. New Mexico Educational Retirement Board raised its position in shares of Trade Desk by 6.3% during the second quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock worth $396,000 after purchasing an additional 1,300 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Trade Desk by 13.4% during the first quarter. Chicago Partners Investment Group LLC now owns 12,707 shares of the technology company’s stock worth $299,000 after purchasing an additional 1,498 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock traded up $0.36 during mid-day trading on Tuesday, reaching $15.29. 34,236,819 shares of the company traded hands, compared to its average volume of 20,282,328. The company has a fifty day moving average price of $13.09 and a 200-day moving average price of $19.52. Trade Desk has a 52-week low of $11.62 and a 52-week high of $45.50. The company has a market capitalization of $7.18 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.43 and a beta of 0.98.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.29. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The firm had revenue of $735.97 million for the quarter, compared to the consensus estimate of $650.93 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Trade Desk will post 0.52 EPS for the current year.

Trending Headlines about Trade Desk

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

• Positive Sentiment: Third-quarter adjusted earnings were $0.33 per share and revenue was about $736 million, topping analyst expectations. The company forecast fourth-quarter revenue of $755 million, above the roughly $692 million consensus estimate. Benzinga: What’s Going On With Trade Desk Stock Tuesday?
• Positive Sentiment: Management expanded its share-repurchase authorization, while a planned 15% workforce reduction is expected to generate more than $100 million in gross savings in 2027. Investors may also see AI products and connected-TV opportunities as potential growth drivers. The Motley Fool: Three Key Takeaways for Long-Term Investors
• Neutral Sentiment: Analyst actions were cautious overall: Needham reaffirmed its Buy rating and $19 target, while RBC and Guggenheim raised targets but maintained sector-perform or neutral ratings. Wedbush kept its neutral rating and $15 target.
• Negative Sentiment: Revenue fell 0.5% year over year—the first contraction in years—and management acknowledged growth remains below its desired level. Commentary about discounts, layoffs and competitive pressure raises questions about how sustainable the rebound will be. 24/7 Wall St.: Revenue Shrunk for the First Time in Years

Trade Desk Company Profile

The Trade Desk, Inc provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display.

The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk serves clients in markets around the world.