Trade Desk (NASDAQ:TTD) Trading 3% Higher - Should You Buy?

Key Points

• Trade Desk's stock price increased by 3% on Friday, reaching a last trade price of $53.86, despite a significant drop in trading volume.
• The company reported $0.18 EPS for the last quarter, falling short of analysts' expectations of $0.42 EPS, with an 18.7% year-over-year revenue growth.
• Analysts have mixed ratings on the stock, with a consensus of "Moderate Buy" and a price target averaging $88.58.

Shares of The Trade Desk (NASDAQ:TTD - Get Free Report) traded up 3% during trading on Friday . The stock traded as high as $54.00 and last traded at $53.86. 3,231,495 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 11,268,861 shares. The stock had previously closed at $52.30.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered shares of Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Arete Research upgraded shares of Trade Desk to a "strong sell" rating in a report on Monday, July 28th. Macquarie upped their price objective on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. BTIG Research lowered shares of Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Finally, Jefferies Financial Group lowered shares of Trade Desk from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $100.00 to $50.00 in a report on Monday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Performance

The stock's 50-day simple moving average is $72.73 and its 200 day simple moving average is $69.20. The company has a market capitalization of $26.01 billion, a PE ratio of 64.10, a P/E/G ratio of 2.70 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 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 firm had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. During the same period in the prior year, the company posted $0.39 earnings per share. The company's revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 10.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk in the 4th quarter valued at $25,000. Sound Income Strategies LLC grew its position in shares of Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock valued at $26,000 after buying an additional 270 shares during the last quarter. Transce3nd LLC purchased a new position in shares of Trade Desk in the 2nd quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Trade Desk in the 2nd quarter valued at $28,000. Finally, Park Square Financial Group LLC purchased a new position in shares of Trade Desk in the 4th quarter valued at $47,000. 67.77% of the stock is 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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