Trade Desk (NASDAQ:TTD) Cut to "Neutral" at DA Davidson

Key Points

• DA Davidson downgraded Trade Desk to “Neutral” from “Buy,” following similar rating cuts from Oppenheimer, KeyCorp, and HSBC. The stock has an average “Reduce” rating and a consensus price target of $20.56.
• Trade Desk shares fell 5% to $13.11, near their one-year low of $12.83, and remain well below their 50-day and 200-day moving averages.
• The company’s latest quarterly revenue rose 11.8% year over year to $688.86 million, beating estimates, but adjusted EPS of $0.08 missed the consensus estimate of $0.32.

Trade Desk (NASDAQ:TTD - Get Free Report) was downgraded by research analysts at DA Davidson from a "buy" rating to a "neutral" rating in a note issued to investors on Monday.

Several other research analysts also recently commented on TTD. Oppenheimer downgraded Trade Desk from an "outperform" rating to a "market perform" rating in a research note on Friday, May 8th. KeyCorp cut Trade Desk from an "overweight" rating to a "sector weight" rating in a research note on Friday, May 8th. Needham & Company LLC reduced their price objective on shares of Trade Desk from $25.00 to $19.00 and set a "buy" rating for the company in a research report on Friday. HSBC downgraded shares of Trade Desk from a "hold" rating to a "reduce" rating and set a $10.00 price objective on the stock. in a report on Monday. Finally, UBS Group set a $16.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, twenty-seven have issued a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $20.56.

Trade Desk Trading Down 5.0%

Shares of TTD traded down $0.69 during midday trading on Monday, reaching $13.11. The stock had a trading volume of 7,373,075 shares, compared to its average volume of 19,580,904. The firm has a market cap of $6.16 billion, a PE ratio of 15.71, a P/E/G ratio of 0.67 and a beta of 1.04. The firm has a 50 day simple moving average of $18.82 and a 200-day simple moving average of $22.70. Trade Desk has a one year low of $12.83 and a one year high of $56.77.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 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 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. As a group, research analysts forecast that Trade Desk will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director owned 13,099 shares of the company's stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.41% of the company's stock.

Institutional Trading of Trade Desk

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Visionary Wealth Advisors lifted its stake in Trade Desk by 3.3% during the second quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company's stock worth $728,000 after purchasing an additional 327 shares during the last quarter. Kensington Investment Counsel LLC lifted its stake in Trade Desk by 1.0% during the second quarter. Kensington Investment Counsel LLC now owns 36,427 shares of the technology company's stock worth $2,622,000 after purchasing an additional 362 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Trade Desk by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 20,600 shares of the technology company's stock valued at $782,000 after purchasing an additional 400 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Trade Desk by 2.1% in the fourth quarter. Captrust Financial Advisors now owns 19,877 shares of the technology company's stock valued at $755,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

About Trade Desk

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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