Trade Desk (NASDAQ:TTD) Sets New 12-Month Low – Time to Sell?

by · The Cerbat Gem

Shares of The Trade Desk (NASDAQ:TTD – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $41.50 and last traded at $41.7880, with a volume of 6792931 shares changing hands. The stock had previously closed at $42.87.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTD shares. BMO Capital Markets reduced their price target on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Bank of America reaffirmed an “underperform” rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Stifel Nicolaus decreased their target price on Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Scotiabank reduced their price objective on shares of Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, August 8th. Finally, Royal Bank Of Canada set a $80.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, November 7th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Hold” and a consensus target price of $78.33.

Read Our Latest Stock Report on TTD

Trade Desk Trading Down 2.2%

The stock has a market capitalization of $20.50 billion, a P/E ratio of 48.20, a P/E/G ratio of 2.28 and a beta of 1.43. The business has a 50-day moving average price of $48.99 and a two-hundred day moving average price of $62.41.

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

Trade Desk announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

Several large investors have recently made changes to their positions in TTD. Family Legacy Financial Solutions LLC lifted its stake in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after buying an additional 310 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk in the 1st quarter worth about $26,000. Sound Income Strategies LLC lifted its position in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares in the last quarter. Versant Capital Management Inc lifted its position in Trade Desk by 175.8% in the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in Trade Desk during the 3rd quarter valued at about $26,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Company Profile

(Get Free Report)

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.

Featured Articles