Trade Desk (NASDAQ:TTD) Trading Down 1.3% - Time to Sell?

Key Points

• The Trade Desk's stock price fell 1.3% to $51.86 with a significant decrease in trading volume, reflecting a 72% decline from its average.
• Analysts have mixed views: while Macquarie increased their target price to $92 with an "outperform" rating, BMO Capital Markets and Guggenheim lowered theirs, indicating a potential shift in sentiment.
• Despite a year-over-year revenue increase of 18.7%, the company's recent earnings missed analyst expectations, reporting only $0.18 EPS as opposed to the forecasted $0.42.

The Trade Desk (NASDAQ:TTD - Get Free Report)'s share price fell 1.3% on Wednesday . The stock traded as low as $51.29 and last traded at $51.86. 3,178,168 shares were traded during mid-day trading, a decline of 72% from the average session volume of 11,310,775 shares. The stock had previously closed at $52.53.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTD. Macquarie boosted their target price on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. BMO Capital Markets reduced their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Guggenheim reduced their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded Trade Desk from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, DA Davidson reduced their price objective on Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Twenty-one investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Trading Up 0.1%

The firm has a market capitalization of $25.71 billion, a PE ratio of 63.36, a P/E/G ratio of 2.82 and a beta of 1.37. The business has a 50 day moving average price of $73.50 and a 200-day moving average price of $69.77.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results 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). The business had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 grew its holdings in Trade Desk by 17.9% during 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 buying an additional 2,169,252 shares during the last quarter. Geode Capital Management LLC grew its holdings in Trade Desk by 52.1% during 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 buying an additional 4,218,975 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Trade Desk by 2.7% during the 2nd quarter. Brown Advisory Inc. now owns 8,323,522 shares of the technology company's stock worth $599,212,000 after purchasing an additional 221,228 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock worth $422,150,000 after purchasing an additional 418,911 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

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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