Trade Desk (NASDAQ:TTD) Shares Up 3.9% - Should You Buy?

Key Points

• Trade Desk's shares increased by 3.9%, with a last traded price of $54.68, despite a significant decline in trading volume compared to average sessions.
• Wall Street analysts show a mix of ratings, with 21 analysts rating it as a Buy and an average price target of $88.58, while Bank of America downgraded its forecast to a price objective of $55.00.
• Trade Desk reported a missed earnings estimate with an EPS of $0.18 for the last quarter, compared to a consensus estimate of $0.42, although revenue grew 18.7% year-over-year.

The Trade Desk (NASDAQ:TTD - Get Free Report)'s share price shot up 3.9% on Thursday . The stock traded as high as $54.56 and last traded at $54.68. 3,962,249 shares changed hands during trading, a decline of 65% from the average session volume of 11,195,632 shares. The stock had previously closed at $52.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTD. Evercore ISI upgraded Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a report on Friday, August 8th. Hsbc Global Res cut Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Bank of America reiterated an "underperform" rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a report on Tuesday, June 24th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Stock Up 4.5%

The stock has a market cap of $26.91 billion, a PE ratio of 66.29, a price-to-earnings-growth ratio of 2.68 and a beta of 1.37. The firm has a fifty day moving average of $71.45 and a 200 day moving average of $67.48.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $686.00 million. During the same period last year, the company earned $0.39 EPS. The business's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTD. Vanguard Group Inc. grew its stake in Trade Desk by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company's stock worth $3,207,504,000 after acquiring an additional 317,107 shares during the period. Jennison Associates LLC boosted its holdings in shares of Trade Desk by 17.9% in the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company's stock valued at $1,027,114,000 after purchasing an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company's stock valued at $884,860,000 after purchasing an additional 4,218,975 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Trade Desk by 2.7% in the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company's stock valued at $599,212,000 after purchasing an additional 221,228 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Trade Desk by 13.2% in the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock valued at $422,150,000 after purchasing an additional 418,911 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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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