Trade Desk (NASDAQ:TTD) Trading Down 1.3% - What's Next?

Key Points

• Trade Desk's stock has recently fallen by 1.3%, trading at $54.64, with a significant decline in trading volume.
• Several analysts have issued mixed ratings, with Citigroup reducing its target price to $65 and Morgan Stanley increasing it to $80, reflecting varied outlooks for the company.
• Trade Desk's latest earnings report revealed an EPS of $0.18, missing analysts' expectations, while revenue showed a year-over-year increase of 18.7%.

Shares of The Trade Desk (NASDAQ:TTD - Get Free Report) fell 1.3% during trading on Friday . The stock traded as low as $54.38 and last traded at $54.64. 2,733,370 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 11,196,923 shares. The stock had previously closed at $55.36.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. Citigroup restated a "neutral" rating and set a $65.00 target price (down from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Morgan Stanley increased their price objective on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Scotiabank lowered their target price on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Finally, Evercore ISI upgraded shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price for the company in a research note on Friday, June 27th. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Price Performance

The business's fifty day simple moving average is $71.19 and its two-hundred day simple moving average is $67.02. The company has a market cap of $26.77 billion, a PE ratio of 65.95, a PEG ratio of 2.70 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The company 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 firm's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.00% of the company's stock.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently made changes to their positions in the stock. Cornerstone Wealth Group LLC lifted its stake in shares of Trade Desk by 2.8% in the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company's stock valued at $321,000 after purchasing an additional 122 shares during the period. STF Management LP raised its position in Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company's stock worth $477,000 after acquiring an additional 136 shares during the last quarter. Mutual Advisors LLC raised its position in Trade Desk by 3.5% during the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company's stock worth $305,000 after acquiring an additional 142 shares during the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of Trade Desk by 2.6% during the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock worth $315,000 after buying an additional 144 shares in the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in shares of Trade Desk by 2.4% during the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock worth $347,000 after buying an additional 150 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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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