Overview
- Shares ticked up to $21.40 in late trading following Tuesday’s 6.8% slide that pushed the stock near a 52-week low.
- Three senior executives are leaving at once, including CMO Ian Colley, communications lead Melinda Zurich, and consumer products SVP Matthew Henick, and a board director, Lise J. Buyer, resigned effective April 3.
- CEO Jeff Green said the company has not failed any audit, stating in a public post that “TTD has not failed any audit ever.”
- Publicis is no longer recommending the platform after a third-party review, and Jefferies noted that Omnicom is running an independent audit.
- Analysts have turned cautious, with Wells Fargo trimming its price target to $24 and prior cuts from Stifel and Jefferies citing uncertainty over potential client losses.