Trade Desk (NASDAQ:TTD) Upgraded at DA Davidson

DA Davidson upgraded shares of Trade Desk (NASDAQ:TTD) to a hold rating in a research report released on Monday,Zacks reports.

Several other analysts have also recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Trade Desk from $25.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $15.00 target price on shares of Trade Desk in a research report on Wednesday, September 9th. Wolfe Research reissued an “outperform” rating and issued a $16.00 target price on shares of Trade Desk in a research note on Friday, August 7th. UBS Group set a $16.00 price target on Trade Desk and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, BNP Paribas Exane lowered Trade Desk from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a research note on Monday, August 10th. Four analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $18.19.

Trade Desk Trading Up 1.4%

TTD stock opened at $12.09 on Monday. The company’s 50 day moving average is $14.07 and its 200 day moving average is $18.37. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. Trade Desk has a 1-year low of $11.62 and a 1-year high of $55.11.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The company had revenue of $715.06 million for the quarter, compared to the consensus estimate of $752.41 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Trade Desk will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

Large investors have recently added to or reduced their stakes in the business. Deane Retirement Strategies Inc. purchased a new position in shares of Trade Desk in the second quarter worth about $2,101,000. First Trust Advisors LP boosted its holdings in Trade Desk by 32.1% during the 1st quarter. First Trust Advisors LP now owns 1,448,758 shares of the technology company’s stock valued at $32,872,000 after acquiring an additional 351,771 shares during the period. SEB Asset Management AB bought a new position in Trade Desk during the 1st quarter worth approximately $2,007,000. Tidal Investments LLC grew its position in Trade Desk by 148.0% during the 2nd quarter. Tidal Investments LLC now owns 122,121 shares of the technology company’s stock worth $2,208,000 after acquiring an additional 72,888 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Trade Desk by 6.1% during the 1st quarter. Hsbc Holdings PLC now owns 1,083,635 shares of the technology company’s stock worth $24,737,000 after acquiring an additional 62,672 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk News Roundup

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: DA Davidson upgraded TTD to “Hold.” The change from a more bearish rating removes some sell-side pressure, although “Hold” still signals limited conviction in a near-term rebound. Trade Desk Upgraded to Hold at DA Davidson
• Positive Sentiment: TTD showed relative strength during a weaker market session. The company’s gain despite a market decline may have attracted short-term buyers and helped improve sentiment toward the ad-tech stock. Why the Market Dipped But The Trade Desk Gained Today
• Neutral Sentiment: Increased investor attention is driving discussion around TTD, but the coverage offers no new fundamental catalyst. Investors remain focused on the company’s growth prospects, valuation and ability to recover from its recent selloff. The Trade Desk Is Attracting Investor Attention
• Negative Sentiment: Olyzon launched an agentic media-orchestration platform designed to optimize advertising campaigns across connected TV, YouTube, social, audio and digital out-of-home channels. The new platform could increase competitive pressure on The Trade Desk’s advertising technology ecosystem. Olyzon Launches Agentic Orchestration Platform
• Negative Sentiment: September’s selloff reflected several negative developments affecting the ad-tech specialist, reinforcing concerns about slowing growth and execution. Those concerns are particularly significant after the company recently missed consensus revenue and earnings expectations. Why The Trade Desk Stock Tumbled in September

About Trade Desk

The Trade Desk, Inc is a technology company that operates a cloud-based advertising platform. Its demand-side platform enables advertising agencies and brands to plan, purchase, optimize and measure digital advertising campaigns across channels, including connected television, display, video, audio, mobile and social media.

The company provides tools for audience targeting, campaign management, data analysis and performance measurement. Its platform is designed to help advertisers purchase digital media across multiple publishers and formats, while supporting programmatic advertising and data-driven decision-making.