Public Employees Retirement System of Ohio Buys Shares of 120,818 The Trade Desk $TTD

Key Points

• Public Employees Retirement System of Ohio purchased 120,818 shares of The Trade Desk valued at approximately $2.18 million, while institutional investors and hedge funds collectively own 67.77% of the stock.
• The Trade Desk reported weaker-than-expected quarterly results, with earnings of $0.34 per share versus $0.40 expected and revenue of $715.1 million versus $752.4 million forecast; revenue growth was just 3% year over year.
• Investor sentiment remains cautious as the company restructures and plans workforce reductions carrying up to $51 million in charges. Analysts have an average “Reduce” rating and a $19.33 target price, with shares recently trading near $14.43.

Public Employees Retirement System of Ohio purchased a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 120,818 shares of the technology company's stock, valued at approximately $2,184,000.

A number of other institutional investors also recently made changes to their positions in TTD. Binnacle Investments Inc acquired a new position in shares of Trade Desk during the third quarter valued at approximately $37,000. Quarry LP acquired a new stake in Trade Desk in the fourth quarter worth approximately $37,000. MCF Advisors LLC boosted its stake in Trade Desk by 318.0% during the 4th quarter. MCF Advisors LLC now owns 1,024 shares of the technology company's stock valued at $39,000 after purchasing an additional 779 shares in the last quarter. BNP Paribas boosted its stake in Trade Desk by 336.5% during the 4th quarter. BNP Paribas now owns 1,052 shares of the technology company's stock valued at $40,000 after purchasing an additional 811 shares in the last quarter. Finally, AG Campbell Advisory LLC acquired a new position in shares of Trade Desk during the 4th quarter valued at $42,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk News Roundup

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

• Positive Sentiment: The restructuring is intended to organize employees into smaller, more focused “pods,” potentially improving efficiency and helping The Trade Desk respond more effectively to changing advertising-market conditions. Adtech company The Trade Desk lays off 15% of its staff as part of restructure
• Positive Sentiment: The company launched direct brand-lift measurement within its core advertising platform, giving advertisers a way to measure campaign impact and potentially strengthening product adoption and customer retention. The Trade Desk Opens Direct Brand Lift Measurement
• Positive Sentiment: Joint business partnerships, or JBPs, remain a possible longer-term growth engine despite near-term pressure on advertising demand. Can The Trade Desk’s JBPs Become Its Next Major Growth Engine?
• Neutral Sentiment: Truist analyst Youssef Squali maintained a Hold rating and a $16 price target, saying the restructuring could offset some execution risks but does not yet establish a clear improvement in the company’s outlook. The Trade Desk Hold Rating Maintained
• Negative Sentiment: The workforce reduction includes restructuring charges of up to approximately $51 million, creating near-term costs and raising concerns that management is responding to slowing growth rather than simply improving efficiency. Trade Desk to Cut 15% of Staff
• Negative Sentiment: Investors viewed the sparse filing and lack of detailed restructuring targets as a warning sign, particularly after recent results missed analyst expectations for both earnings and revenue. Why The Trade Desk Stock Fell
• Negative Sentiment: Analysts continue to cite slowing revenue growth and soft advertising demand, reinforcing concerns about execution and the company’s ability to restore growth while competing in a challenging ad-tech market. TTD Stock Plunges Year to Date

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $14.43 on Monday. The Trade Desk has a 52-week low of $12.83 and a 52-week high of $56.39. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.61 and a beta of 1.01. The stock's fifty day simple moving average is $16.59 and its 200 day simple moving average is $20.40.

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

Analyst Ratings Changes

A number of research firms have recently commented on TTD. Susquehanna downgraded Trade Desk from a "positive" rating to a "neutral" rating and dropped their price objective for the stock from $34.00 to $14.00 in a research note on Friday, August 7th. Cantor Fitzgerald lowered their target price on Trade Desk from $20.00 to $14.00 and set a "neutral" rating on the stock in a report on Friday, August 7th. Cannonball Research cut shares of Trade Desk from a "strong-buy" rating to a "neutral" rating and set a $15.00 price target on the stock. in a research report on Friday, August 7th. Benchmark reissued a "buy" rating and issued a $20.00 price target (down from $30.00) on shares of Trade Desk in a report on Monday, August 3rd. Finally, Arete Research set a $11.60 price target on shares of Trade Desk and gave the company a "sell" rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $19.33.

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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