Trade Desk (NASDAQ:TTD) Trading Down 8.2% Following Analyst Downgrade

The Trade Desk (NASDAQ:TTD) was down 8.2% on Wednesday after Morgan Stanley downgraded the stock from an overweight rating to an equal weight rating. Morgan Stanley now has a $50.00 price target on the stock, down from their previous price target of $80.00. Trade Desk traded as low as $48.20 and last traded at $48.11. Approximately 14,997,935 shares traded hands during trading, an increase of 34% from the average daily volume of 11,175,896 shares. The stock had previously closed at $52.40.

Other equities analysts have also issued research reports about the company. Wedbush reiterated an “outperform” rating and issued a $86.00 price target on shares of Trade Desk in a research note on Tuesday, July 15th. Evercore ISI raised Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Friday, June 27th. Arete Research raised Trade Desk to a “strong sell” rating in a research note on Monday, July 28th. Moffett Nathanson downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective on the stock. in a research note on Friday, August 8th. Finally, HSBC reissued a “hold” rating and issued a $56.00 price objective on shares of Trade Desk in a research note on Monday, August 11th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.67.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business’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 transaction of $4,676,622.20. Following the completion of the sale, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Brighton Jones LLC increased its holdings in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Bison Wealth LLC increased its holdings in Trade Desk by 24.3% during the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after purchasing an additional 485 shares in the last quarter. Ethic Inc. bought a new stake in Trade Desk during the 4th quarter worth approximately $424,000. Graham Capital Management L.P. grew its holdings in shares of Trade Desk by 17.6% in the fourth quarter. Graham Capital Management L.P. now owns 5,785 shares of the technology company’s stock valued at $680,000 after acquiring an additional 865 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Trade Desk by 133.9% in the fourth quarter. Gotham Asset Management LLC now owns 9,061 shares of the technology company’s stock valued at $1,065,000 after acquiring an additional 5,187 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

The company has a market capitalization of $22.56 billion, a P/E ratio of 55.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.36. The firm has a fifty day moving average price of $67.92 and a 200-day moving average price of $64.83.

Trade Desk (NASDAQ:TTD) last released 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 business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk Company Profile

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.