Trade Desk (NASDAQ:TTD) Receives Neutral Rating from BTIG Research

Key Points

• Trade Desk's stock has received a neutral rating from BTIG Research, which was reaffirmed in a recent report, while other analysts have varied ratings ranging from "buy" to "sell" with a consensus rating of Moderate Buy.
• The company's stock has experienced significant volatility, trading down 37.2% recently, with a market cap of $27.25 billion.
• Despite missing earnings estimates by $0.01, Trade Desk reported 18.7% year-over-year revenue growth, highlighting ongoing operational strength amid market fluctuations.

Trade Desk (NASDAQ:TTD - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at BTIG Research in a research report issued on Friday, Marketbeat reports.

Other equities analysts also recently issued reports about the stock. Wedbush reaffirmed an "outperform" rating and set a $86.00 price objective on shares of Trade Desk in a report on Tuesday, July 15th. Bank of America reiterated a "neutral" rating and issued a $55.00 price target (down previously from $130.00) on shares of Trade Desk in a research note on Friday. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the stock a "buy" rating in a report on Tuesday, April 29th. UBS Group reissued a "buy" rating and issued a $105.00 price objective (up from $80.00) on shares of Trade Desk in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada boosted their price objective on shares of Trade Desk from $85.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.18.

Trade Desk Trading Down 37.2%

TTD stock traded down $32.88 on Friday, hitting $55.45. The company had a trading volume of 82,807,950 shares, compared to its average volume of 10,628,151. The stock's 50-day simple moving average is $76.70 and its 200 day simple moving average is $73.84. The stock has a market cap of $27.25 billion, a price-to-earnings ratio of 67.61, a P/E/G ratio of 4.07 and a beta of 1.37. Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. Research analysts forecast that Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer directly owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. The trade was a 29.95% 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

Institutional investors have recently modified their holdings of the stock. Investment Management Corp VA ADV bought a new stake in Trade Desk during the fourth quarter worth $25,000. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after buying an additional 270 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Trade Desk during the fourth quarter worth about $47,000. BNP Paribas acquired a new stake in shares of Trade Desk in the 4th quarter valued at approximately $50,000. Finally, West Oak Capital LLC boosted its stake 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. 67.77% of the stock is owned by institutional investors.

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.

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