Trade Desk (NASDAQ:TTD) Hits New 12-Month Low - Time to Sell?

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $74.43 and last traded at $75.55, with a volume of 2910934 shares changing hands. The stock had previously closed at $76.75.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TTD shares. Wolfe Research increased their price target on Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Susquehanna reduced their target price on Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, February 13th. Truist Financial reduced their target price on Trade Desk from $155.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus reduced their target price on Trade Desk from $144.00 to $122.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Citizens Jmp upgraded Trade Desk to a "strong-buy" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and a consensus target price of $119.45.

Trade Desk Stock Performance

The stock has a market capitalization of $35.57 billion, a price-to-earnings ratio of 92.38, a PEG ratio of 3.15 and a beta of 1.45. The company has a 50 day moving average of $116.48 and a 200 day moving average of $114.96.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company's stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company's stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 in the last ninety days. Insiders own 9.72% of the company's stock.

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in Trade Desk during the 4th quarter valued at approximately $25,000. Rialto Wealth Management LLC purchased a new stake in Trade Desk during the 4th quarter valued at approximately $26,000. Harbor Investment Advisory LLC raised its stake in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company's stock valued at $34,000 after acquiring an additional 117 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Trade Desk during the 4th quarter valued at approximately $34,000. Finally, Midwest Capital Advisors LLC purchased a new stake in Trade Desk during the 4th quarter valued at approximately $34,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

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.