Trade Desk (NASDAQ:TTD) Cut to "Strong Sell" at Zacks Research

Key Points

• Trade Desk was downgraded to a "strong sell" rating by Zacks Research, reflecting a shift in analyst sentiment towards the company's stock.
• In its latest earnings report, Trade Desk missed the consensus EPS estimate and reported revenue growth of 18.7% year-over-year, signaling mixed financial performance.
• The stock currently has a consensus rating of "Hold," with a price target averaging around $84.48, illustrating varying outlooks from different analysts.

Trade Desk (NASDAQ:TTD - Get Free Report) was downgraded by research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently commented on TTD. Rosenblatt Securities reissued a "buy" rating on shares of Trade Desk in a report on Friday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Trade Desk in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price target on Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. HSBC reaffirmed a "hold" rating and set a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Finally, Evercore ISI raised Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Friday, June 27th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of "Hold" and a consensus price target of $84.48.

Trade Desk Price Performance

NASDAQ:TTD opened at $50.73 on Monday. The firm's fifty day moving average price is $52.27 and its 200 day moving average price is $62.61. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 61.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.38.

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

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 in the company, valued at $242,687. This represents a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC raised its position in shares of Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock valued at $26,000 after purchasing an additional 270 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at approximately $28,000. West Oak Capital LLC raised its position in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock valued at $31,000 after purchasing an additional 350 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Trade Desk in the 1st quarter valued at approximately $26,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Company Profile

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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