Trade Desk (NASDAQ:TTD) Coverage Initiated by Analysts at Rothschild & Co Redburn

Key Points

• Rothschild & Co Redburn initiated coverage on Trade Desk with a sell rating and an $11 price target, implying roughly 50.65% downside from the current share price.
• Other Wall Street firms remain mixed on TTD, with the stock carrying an overall Hold consensus and an average price target of $33.91, though several firms have recently cut their views or targets.
• Trade Desk recently reported Q1 earnings of $0.08 per share, which missed expectations, even as revenue rose 11.8% year over year to $688.86 million; the company also has a $350 million stock buyback authorization.

Analysts at Rothschild & Co Redburn assumed coverage on shares of Trade Desk (NASDAQ:TTD - Get Free Report) in a report issued on Thursday. The firm set a "sell" rating and a $11.00 price target on the technology company's stock. Rothschild & Co Redburn's price target would suggest a potential downside of 50.65% from the company's current price.

A number of other research firms also recently commented on TTD. Scotiabank set a $20.00 target price on shares of Trade Desk in a research report on Monday, May 11th. New Street Research downgraded shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $17.00 target price for the company. in a research report on Thursday, February 26th. DA Davidson set a $29.00 target price on Trade Desk and gave the company a "buy" rating in a report on Monday, May 11th. Piper Sandler reissued a "neutral" rating and issued a $24.00 target price on shares of Trade Desk in a report on Friday, May 8th. Finally, Wells Fargo & Company set a $20.00 target price on Trade Desk and gave the company an "equal weight" rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Trade Desk presently has an average rating of "Hold" and an average target price of $33.91.

Trade Desk Stock Performance

Shares of TTD stock opened at $22.29 on Thursday. Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The firm has a market cap of $10.48 billion, a P/E ratio of 25.33, a P/E/G ratio of 1.07 and a beta of 1.10. The business's 50 day moving average price is $22.37 and its 200-day moving average price is $29.98.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same period in the prior year, the business posted $0.33 EPS. Trade Desk's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its board has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Kathryn E. Falberg sold 102,828 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total value of $3,131,112.60. Following the sale, the director directly owned 1,946 shares in the company, valued at $59,255.70. The trade was a 98.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.41% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently modified their holdings of TTD. Vanguard Group Inc. boosted its holdings in Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company's stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares during the period. State Street Corp boosted its position in Trade Desk by 271.1% in the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company's stock valued at $1,781,723,000 after buying an additional 26,559,005 shares during the period. Invesco Ltd. boosted its position in Trade Desk by 101.0% in the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company's stock valued at $333,659,000 after buying an additional 3,421,074 shares during the period. Renaissance Technologies LLC boosted its position in Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company's stock valued at $123,446,000 after buying an additional 2,018,525 shares during the period. Finally, Norges Bank purchased a new stake in Trade Desk in the 4th quarter valued at about $197,550,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

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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