The Trade Desk (NASDAQ:TTD) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• The Trade Desk has received a consensus recommendation of "Hold" from 35 rating firms, with 12 recommending a hold, 3 a sell, and 20 a buy.
• Shares of The Trade Desk recently opened at $46.15, with a market capitalization of $22.56 billion and PE ratio of 55.60.
• In its latest quarterly earnings, The Trade Desk reported an 0.18 EPS, falling short of expectations by $0.24 despite a revenue increase of 18.7% year-over-year.

The Trade Desk (NASDAQ:TTD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirty-five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $87.2121.

Several research firms have issued reports on TTD. BMO Capital Markets dropped their price target on Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Hsbc Global Res downgraded Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Rosenblatt Securities reissued a "buy" rating on shares of Trade Desk in a research note on Friday, August 8th. JMP Securities reissued a "market outperform" rating and issued a $100.00 price target on shares of Trade Desk in a research note on Tuesday, June 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $84.00 price target on shares of Trade Desk in a research note on Monday, September 8th.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares of the company's stock, valued at $242,687. The trade was a 21.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of TTD. Brown Advisory Inc. grew its holdings in shares of Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after acquiring an additional 5,387,339 shares in the last quarter. Geode Capital Management LLC grew its holdings in Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company's stock worth $884,860,000 after purchasing an additional 4,218,975 shares during the period. Nuveen LLC bought a new position in Trade Desk during the first quarter worth about $191,935,000. Norges Bank bought a new position in Trade Desk during the second quarter worth about $197,362,000. Finally, Viking Global Investors LP bought a new position in Trade Desk during the second quarter worth about $192,524,000. Institutional investors own 67.77% of the company's stock.

Trade Desk Trading Up 3.8%

Shares of Trade Desk stock opened at $46.15 on Tuesday. The company has a market capitalization of $22.56 billion, a PE ratio of 55.60, a PEG ratio of 2.32 and a beta of 1.36. Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock's fifty day simple moving average is $63.14 and its 200 day simple moving average is $63.40.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same period in the prior year, the business earned $0.39 EPS. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Analysts predict that Trade Desk will post 1.06 EPS for the current fiscal year.

About Trade Desk

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.

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