Trade Desk (NASDAQ:TTD) Stock Price Down 1% - Here's What Happened

Key Points

• The Trade Desk's stock price decreased by 1%, closing at $53.61 after trading as low as $53.21, with a significant 84% decline in trading volume compared to its average.
• Recent analyst price targets for Trade Desk demonstrate a range of opinions, with a downgrade from UBS Group to $80.00 and a sell rating from Moffett Nathanson at $45.00, while the average target price stands at $88.58.
• In its recent quarterly earnings report, Trade Desk reported earnings per share of $0.18, falling short of expectations, yet reported a revenue increase of 18.7% year-over-year, totaling $694.04 million.

The Trade Desk (NASDAQ:TTD - Get Free Report) shares dropped 1% during trading on Wednesday . The stock traded as low as $53.21 and last traded at $53.61. Approximately 1,731,268 shares changed hands during trading, a decline of 84% from the average daily volume of 11,155,193 shares. The stock had previously closed at $54.18.

Analysts Set New Price Targets

TTD has been the topic of several recent research reports. UBS Group lowered their target price on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Guggenheim reduced their price target on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. DA Davidson cut their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. JMP Securities reaffirmed a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research note on Tuesday, June 24th. Finally, Moffett Nathanson downgraded shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a research note on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Price Performance

The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 2.81 and a beta of 1.36. The business's fifty day moving average price is $70.28 and its 200-day moving average price is $65.81.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share (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 for the quarter, compared to analyst estimates of $686.00 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business'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 transaction, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Trade Desk

Institutional investors have recently modified their holdings of the business. Cornerstone Wealth Group LLC lifted its stake 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 worth $321,000 after purchasing an additional 122 shares in the last quarter. STF Management LP grew its holdings in shares of Trade Desk by 2.1% during the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company's stock valued at $477,000 after purchasing an additional 136 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company's stock valued at $305,000 after purchasing an additional 142 shares during the last quarter. Ashton Thomas Securities LLC boosted its position in Trade Desk by 2.6% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock valued at $315,000 after buying an additional 144 shares during the period. Finally, Tradition Wealth Management LLC boosted 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 valued at $347,000 after buying an additional 150 shares during the period. 67.77% of the stock is currently owned by hedge funds and other 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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