Trade Desk (NASDAQ:TTD) Trading Down 3.1% - What's Next?

Key Points

• Trade Desk's stock price fell 3.1% to $53.23, significantly below its previous close of $54.95, with trading volume down 70% compared to average levels.
• A mix of ratings from analysts includes a price target increase from Macquarie to $92.00 and a downgrade from Jefferies to $50.00, reflecting varied investor sentiment on the stock.
• Trade Desk reported quarterly earnings of $0.18 EPS, missing estimates by $0.24, though revenue increased by 18.7% year-over-year to $694.04 million.

The Trade Desk (NASDAQ:TTD - Get Free Report) shares traded down 3.1% during trading on Tuesday . The stock traded as low as $53.42 and last traded at $53.23. 3,421,406 shares were traded during mid-day trading, a decline of 70% from the average session volume of 11,297,090 shares. The stock had previously closed at $54.95.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Macquarie upped their price objective on Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Arete Research upgraded Trade Desk to a "strong sell" rating in a research report on Monday, July 28th. UBS Group reduced their price target on Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Friday. KeyCorp boosted their price target on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group lowered Trade Desk from a "buy" rating to a "hold" rating and reduced their price target for the stock from $100.00 to $50.00 in a research report on Monday, August 11th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Stock Down 4.0%

The business has a 50-day simple moving average of $73.89 and a 200-day simple moving average of $69.89. The stock has a market cap of $25.94 billion, a P/E ratio of 63.51, a PEG ratio of 2.67 and a beta of 1.37.

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 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 the consensus estimate of $686.00 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the business's stock in a transaction on Thursday, August 7th. The stock was 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 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 SEC, which is available through this link. 10.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in shares of Trade Desk during the fourth quarter worth $25,000. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock valued at $26,000 after acquiring an additional 270 shares during the period. Transce3nd LLC acquired a new position in Trade Desk in the second quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Trade Desk in the second quarter valued at about $28,000. Finally, Park Square Financial Group LLC acquired a new position in Trade Desk in the fourth quarter valued at about $47,000. Institutional investors 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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