The Trade Desk (NASDAQ:TTD - Get Free Report) shares were down 3.6% during trading on Thursday . The company traded as low as $51.77 and last traded at $51.82. Approximately 3,073,122 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 11,139,117 shares. The stock had previously closed at $53.77.
Wall Street Analyst Weigh In
TTD has been the topic of several recent research reports. BTIG Research downgraded Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Oppenheimer boosted their price objective on Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Stifel Nicolaus cut their price target on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a research note on Friday, August 8th. Finally, Morgan Stanley upped their target price on Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.58.
Check Out Our Latest Stock Report on Trade Desk
Trade Desk Stock Down 3.4%
The firm has a 50 day moving average of $69.96 and a 200 day moving average of $65.73. The firm has a market cap of $25.39 billion, a PE ratio of 62.55, a P/E/G ratio of 2.81 and a beta of 1.36.
Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results 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). 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 company's revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.
Insider Activity 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 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 approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.00% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV bought a new stake in Trade Desk during the fourth quarter worth about $25,000. Sound Income Strategies LLC lifted its stake in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after purchasing an additional 270 shares during the last quarter. Transce3nd LLC bought a new stake in Trade Desk during the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Trade Desk during the second quarter worth about $28,000. Finally, Park Square Financial Group LLC bought a new stake in Trade Desk during the fourth quarter worth about $47,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
Trade Desk Company Profile
(
Get Free Report)
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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