The Trade Desk (NASDAQ:TTD) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• Analysts have a consensus “Reduce” rating on The Trade Desk, with 10 sell, 25 hold and 4 buy recommendations among 39 analysts. The average 12-month price target is approximately $19.33.
• The company’s latest quarterly results missed expectations, reporting EPS of $0.34 versus $0.40 expected and revenue of $715.06 million versus $752.41 million forecast, although revenue still increased 3% year over year.
• Trade Desk shares opened at $14.43 and have declined substantially from their 52-week high of $56.39. Institutional investors and hedge funds own 67.77% of the company, with California’s state teachers’ retirement system significantly increasing its stake.

The Trade Desk (NASDAQ:TTD - Get Free Report) has been given an average rating of "Reduce" by the thirty-nine analysts that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $19.3314.

Several research firms have recently issued reports on TTD. Wells Fargo & Company set a $12.00 price objective on shares of Trade Desk and gave the stock an "equal weight" rating in a report on Friday, August 7th. Robert W. Baird set a $9.00 target price on shares of Trade Desk and gave the company a "neutral" rating in a research note on Friday, August 7th. Cantor Fitzgerald decreased their target price on Trade Desk from $20.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Susquehanna lowered Trade Desk from a "positive" rating to a "neutral" rating and lowered their price target for the company from $34.00 to $14.00 in a research note on Friday, August 7th. Finally, Scotiabank set a $12.00 price target on Trade Desk and gave the company a "sector perform" rating in a report on Friday, August 7th.

Trade Desk Stock Performance

TTD opened at $14.43 on Tuesday. The business has a 50 day moving average of $16.51 and a 200-day moving average of $20.33. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.61 and a beta of 1.01. Trade Desk has a 1-year low of $12.83 and a 1-year high of $56.39.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%.The company's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS. Equities analysts predict that Trade Desk will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TTD. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Trade Desk in the second quarter valued at $506,000. California State Teachers Retirement System boosted its stake in Trade Desk by 1,202.9% during the second quarter. California State Teachers Retirement System now owns 8,704,453 shares of the technology company's stock worth $157,377,000 after buying an additional 8,036,388 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Trade Desk in the 2nd quarter valued at $120,000. Angeles Wealth Management LLC bought a new stake in Trade Desk in the 2nd quarter valued at $423,000. Finally, NBH Bank acquired a new position in shares of Trade Desk in the 2nd quarter valued at $30,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Company Profile

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.

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