EMC Capital Management bought a new position in shares of The Trade Desk (NASDAQ:TTD – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 59,800 shares of the technology company’s stock, valued at approximately $1,090,000. Trade Desk makes up about 0.4% of EMC Capital Management’s holdings, making the stock its 20th biggest holding.
A number of other hedge funds have also modified their holdings of TTD. Root Financial Partners LLC boosted its position in Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after acquiring an additional 906 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Trade Desk in the 1st quarter valued at about $36,000. Binnacle Investments Inc acquired a new stake in Trade Desk in the 3rd quarter valued at about $37,000. Quarry LP purchased a new position in Trade Desk in the 4th quarter worth approximately $37,000. Finally, MCF Advisors LLC lifted its stake in Trade Desk by 318.0% in the 4th quarter. MCF Advisors LLC now owns 1,024 shares of the technology company’s stock worth $39,000 after purchasing an additional 779 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Citigroup lowered Trade Desk from a “neutral” rating to a “sell” rating and dropped their price target for the company from $21.00 to $11.00 in a research report on Friday, August 7th. Oppenheimer downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Zacks Research lowered Trade Desk from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Cannonball Research cut Trade Desk from a “strong-buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Friday, August 7th. Finally, Cantor Fitzgerald cut their target price on Trade Desk from $20.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $19.33.
Trade Desk Price Performance
Trade Desk stock opened at $14.55 on Thursday. The firm has a 50 day simple moving average of $16.72 and a 200-day simple moving average of $20.56. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.01. The Trade Desk has a 1-year low of $12.83 and a 1-year high of $56.39.
Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 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 firm had revenue of $715.06 million for the quarter, compared to analysts’ expectations of $752.41 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts expect that The Trade Desk will post 0.51 earnings per share for the current fiscal year.
Trade Desk Company Profile
The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.
Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.
Featured Stories
- Five stocks we like better than Trade Desk
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD – Free Report).
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.
