The Trade Desk (NASDAQ:TTD) shares recorded their seventh straight session of losses. The stock has lost 5.3% in the last six days.
The company closed 1.04% lower to $76.7, hitting its lowest levels in a month. Overall, shares have risen ~6.3% since the start of the year.
The stock is 32.9% away from all-time highs of $114.1.
Looking at Seeking Alpha’s Quant Rating, TTD has a Hold rating with a score of 3.28 out of 5. The company received an A- for profitability and a B for momentum, while, its growth and valuation prospects have been graded A- and F, respectively.
Turning to the Wall Street community, 19 analysts give TTD a Strong Buy, while six are Buy on the stock. Six analysts rate it at Hold while one on Sell, and two Strong Sell.
Seeking Alpha analysts generally see the stock as a Buy.
“Trade Desk’s competitive advantage lies in its extensive partnerships, detailed reporting capabilities, and customer service, making it a preferred choice for brands and agencies,” said SA analyst Shareholders Unite.
Shareholders Unite also added it has little doubt the company will do well, given, it has navigated the difficult years very well.
Last month, the ad-tech firm shot 18% higher following fourth-quarter earnings where it beat some previously lowered revenue expectations and guided toward a strong start to 2024.