Trade Desk (NASDAQ:TTD) Now Covered by DA Davidson

Key Points

• DA Davidson initiated coverage of Trade Desk with a Neutral rating. Analyst opinion is mixed overall: MarketBeat reports 26 Hold, nine Sell, and four Buy ratings, with an average price target of $18.64.
• Trade Desk reported quarterly EPS of $0.33, beating the $0.04 consensus, and revenue of about $736 million versus estimates of about $651 million. Revenue was nevertheless down 0.5% year over year.
• The stock opened at $15.42 and was up 3.3% on Tuesday; its share price remains well below its 12-month high of $45.50.

Investment analysts at DA Davidson initiated coverage on shares of Trade Desk (NASDAQ:TTD - Get Free Report) in a research report issued on Tuesday, FinViz reports. The brokerage set a "neutral" rating on the technology company's stock.

TTD has been the subject of a number of other research reports. Robert W. Baird set a $9.00 price objective on Trade Desk and gave the company a "neutral" rating in a research note on Friday, August 7th. Wall Street Zen cut Trade Desk from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. KeyCorp reaffirmed a "sector weight" rating on shares of Trade Desk in a report on Tuesday. Evercore set a $14.00 target price on shares of Trade Desk in a research note on Tuesday, September 8th. Finally, BMO Capital Markets downgraded shares of Trade Desk from an "outperform" rating to a "market perform" rating and set a $15.00 target price for the company. in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $18.64.

Trade Desk Stock Up 3.3%

NASDAQ TTD opened at $15.42 on Tuesday. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.61 and a beta of 0.98. Trade Desk has a twelve month low of $11.62 and a twelve month high of $45.50. The stock has a fifty day simple moving average of $13.13 and a 200 day simple moving average of $19.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.29. The company had revenue of $735.97 million for the quarter, compared to analyst estimates of $650.93 million. Trade Desk had a net margin of 11.03% and a return on equity of 14.64%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Research analysts expect that Trade Desk will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deane Retirement Strategies Inc. purchased a new position in Trade Desk in the second quarter valued at about $2,101,000. First Trust Advisors LP increased its stake in shares of Trade Desk by 32.1% during the 1st quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company's stock worth $32,872,000 after purchasing an additional 351,771 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Trade Desk by 148.0% during the 2nd quarter. Tidal Investments LLC now owns 122,121 shares of the technology company's stock worth $2,208,000 after purchasing an additional 72,888 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $2,007,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Trade Desk by 6.1% in the 1st quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company's stock worth $24,737,000 after purchasing an additional 62,672 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Key Trade Desk News

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

• Positive Sentiment: Quarterly results topped estimates: Q3 revenue was about $736 million versus roughly $651 million expected, while adjusted earnings were $0.33 per share, above consensus. Management forecast Q4 revenue of $755 million, ahead of the roughly $692 million analyst estimate. Trade Desk Q3 Earnings & Revenues Beat Estimates, Down Y/Y
• Positive Sentiment: Cost-cutting and capital returns may support the outlook: The company plans to reduce its workforce by 15%, targeting more than $100 million in gross savings in 2027, and expanded its share-repurchase authorization to $1 billion. Trade Desk: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Some analysts raised targets: RBC lifted its target to $18 while maintaining Sector Perform; Needham reaffirmed Buy with a $19 target. RBC Raises Price Target on Trade Desk
• Neutral Sentiment: TTD Stock Rises Overnight After Q3 Beat
• Negative Sentiment: Underlying performance remains a concern: Revenue slipped 0.5% year over year, and quarterly profit fell sharply. Analysts and investors remain focused on sluggish growth, execution, cost pressures, and intensifying competition. Trade Desk Faces Competitive Headwinds Despite Political Ad Boost
• Negative Sentiment: Analyst views remain divided: Citigroup maintained a Sell rating despite raising its target to $12, while Wedbush kept Neutral at $15. Citigroup rating information

About Trade Desk

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.

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