Trade Desk (NASDAQ:TTD) Rating Increased to Hold at Wall Street Zen

Key Points

• Trade Desk was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more positive outlook for the stock.
• Recent price target adjustments by various firms have varied, with Truist Financial increasing their target to $100 while Guggenheim lowered theirs to $90.
• The company's stock has a 52-week range between $42.96 and $141.53, reflecting significant volatility in its market performance.

Trade Desk (NASDAQ:TTD - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.

Several other research firms also recently weighed in on TTD. Truist Financial upped their price target on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Guggenheim cut their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Needham & Company LLC restated a "buy" rating and issued a $84.00 price target on shares of Trade Desk in a research note on Monday, August 11th. BMO Capital Markets cut 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. Finally, Stifel Nicolaus cut their price target on Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $53.20 on Friday. Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The firm has a market capitalization of $26.01 billion, a P/E ratio of 64.10, a P/E/G ratio of 2.73 and a beta of 1.37. The stock has a 50 day moving average price of $72.44 and a 200-day moving average price of $68.47.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its 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 return on equity of 15.19% and a net margin of 15.57%.The firm had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same period in the prior year, the company posted $0.39 EPS. The firm's revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts forecast 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 the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company's stock.

Institutional Trading of Trade Desk

Institutional investors have recently added to or reduced their stakes in the business. Investment Management Corp VA ADV purchased a new stake in Trade Desk during the 4th quarter valued at $25,000. Banque Cantonale Vaudoise purchased a new position in shares of Trade Desk in the 1st quarter worth $26,000. Sound Income Strategies LLC raised its holdings in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after purchasing an additional 270 shares during the period. Cloud Capital Management LLC bought a new position in Trade Desk in the 1st quarter worth $27,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Trade Desk in the 2nd quarter worth $28,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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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