The Trade Desk (NASDAQ:TTD) Stock Has Average Target Price of $18.19 According to Brokerages

Key Points

• Analyst consensus is bearish: Thirty-nine analysts give Trade Desk an average rating of “Reduce,” with 10 sell, 25 hold, and four buy ratings. The average 12-month price target is $18.19.
• Recent broker actions included HSBC downgrading the stock to “reduce” with a $10 target, while DA Davidson cut its target to $16; other firms maintained neutral or sector-perform ratings.
• Trade Desk shares opened at $11.95, near their one-year low of $11.77 and well below the 200-day moving average of $18.69. The company also missed quarterly expectations, reporting $0.34 in EPS versus $0.40 expected and revenue of $715.06 million versus $752.41 million forecast.

The Trade Desk (NASDAQ:TTD - Get Free Report) has been assigned an average rating of "Reduce" from the thirty-nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $18.19.

TTD has been the topic of a number of recent analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Trade Desk in a research note on Tuesday, September 8th. DA Davidson restated a "neutral" rating and issued a $16.00 price objective (down from $29.00) on shares of Trade Desk in a research report on Monday, August 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $15.00 price objective on shares of Trade Desk in a report on Wednesday, September 9th. Evercore set a $14.00 target price on Trade Desk in a research report on Tuesday, September 8th. Finally, HSBC downgraded Trade Desk from a "hold" rating to a "reduce" rating and set a $10.00 target price for the company. in a research note on Monday, August 10th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTD. MCF Advisors LLC boosted its position in shares of Trade Desk by 318.0% in the 4th quarter. MCF Advisors LLC now owns 1,024 shares of the technology company's stock worth $39,000 after buying an additional 779 shares in the last quarter. AG Campbell Advisory LLC purchased a new position in Trade Desk during the 4th quarter valued at about $42,000. Root Financial Partners LLC increased its holdings in Trade Desk by 219.4% during the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company's stock valued at $30,000 after acquiring an additional 906 shares in the last quarter. Ascentis Independent Advisors acquired a new position in Trade Desk during the first quarter worth about $36,000. Finally, NBH Bank acquired a new position in Trade Desk during the second quarter worth about $30,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $11.95 on Friday. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00. The firm's fifty day moving average price is $14.46 and its 200 day moving average price is $18.69. Trade Desk has a 1-year low of $11.77 and a 1-year high of $56.39.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). Trade Desk had a return on equity of 16.09% and a net margin of 13.61%.The firm had revenue of $715.06 million for the quarter, compared to analysts' expectations of $752.41 million. During the same quarter in the previous year, the company posted $0.41 EPS. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts expect that Trade Desk will post 0.49 earnings per share for the current fiscal year.

About Trade Desk

The Trade Desk, Inc is a technology company that operates a cloud-based advertising platform. Its demand-side platform enables advertising agencies and brands to plan, purchase, optimize and measure digital advertising campaigns across channels, including connected television, display, video, audio, mobile and social media.

The company provides tools for audience targeting, campaign management, data analysis and performance measurement. Its platform is designed to help advertisers purchase digital media across multiple publishers and formats, while supporting programmatic advertising and data-driven decision-making.

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