Trade Desk (NASDAQ:TTD) Downgraded by Morgan Stanley to "Equal Weight"

Key Points

• Morgan Stanley has downgraded Trade Desk from an "overweight" to an "equal weight" rating, with a price target of $50.00, indicating a potential downside of 4.58% from its previous close.
• Despite the downgrade, other analysts have varying ratings, with KeyCorp raising its target from $80.00 to $95.00, while HSBC downgraded it from "strong-buy" to "hold."
• Trade Desk recently reported quarterly earnings of $0.18 EPS, missing estimates of $0.42, although revenue increased by 18.7% year-over-year to $694.04 million.

Trade Desk (NASDAQ:TTD - Get Free Report) was downgraded by equities research analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report released on Wednesday, MarketBeat.com reports. They currently have a $50.00 price objective on the technology company's stock, down from their previous price objective of $80.00. Morgan Stanley's price target points to a potential upside of 10.52% from the stock's current price.

A number of other research analysts have also recently issued reports on TTD. Hsbc Global Res cut shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Oppenheimer lifted their target price on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Citigroup restated a "neutral" rating and issued a $65.00 price objective (down previously from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Bank of America restated an "underperform" rating and issued a $55.00 price objective (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.67.

Trade Desk Stock Down 2.0%

TTD traded down $0.90 during midday trading on Wednesday, reaching $45.24. 26,793,730 shares of the company's stock were exchanged, compared to its average volume of 12,802,442. The firm has a market capitalization of $22.12 billion, a price-to-earnings ratio of 54.51, a price-to-earnings-growth ratio of 2.37 and a beta of 1.36. Trade Desk has a one year low of $42.96 and a one year high of $141.53. The business has a 50-day simple moving average of $67.34 and a two-hundred day simple moving average of $64.63.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly 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). The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.00% of the company's stock.

Institutional Trading of Trade Desk

A number of institutional investors have recently bought and sold shares of TTD. Cornerstone Wealth Group LLC lifted its position in Trade Desk by 2.8% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company's stock valued at $321,000 after acquiring an additional 122 shares in the last quarter. STF Management LP lifted its position in Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company's stock valued at $477,000 after acquiring an additional 136 shares in the last quarter. Mutual Advisors LLC lifted its position in Trade Desk by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company's stock valued at $305,000 after acquiring an additional 142 shares in the last quarter. Ashton Thomas Securities LLC lifted its position in Trade Desk by 2.6% in the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock valued at $315,000 after acquiring an additional 144 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its position in Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock worth $347,000 after buying an additional 150 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 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.