Sciencast Management LP acquired a new position in Trade Desk Inc (NASDAQ:TTD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,530 shares of the technology company’s stock, valued at approximately $651,000.
Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Trade Desk by 139.1% in the 1st quarter. Jennison Associates LLC now owns 1,841,567 shares of the technology company’s stock worth $355,422,000 after purchasing an additional 1,071,508 shares in the last quarter. Zevenbergen Capital Investments LLC increased its stake in Trade Desk by 4.4% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 567,781 shares of the technology company’s stock worth $109,582,000 after acquiring an additional 23,920 shares during the last quarter. State Street Corp increased its stake in Trade Desk by 1.2% in the 1st quarter. State Street Corp now owns 510,909 shares of the technology company’s stock worth $98,605,000 after acquiring an additional 5,877 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Trade Desk by 109.1% in the 4th quarter. Nuveen Asset Management LLC now owns 468,669 shares of the technology company’s stock worth $121,750,000 after acquiring an additional 244,577 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Trade Desk by 126.9% in the 1st quarter. Janus Henderson Group PLC now owns 451,865 shares of the technology company’s stock worth $87,210,000 after acquiring an additional 252,749 shares during the last quarter. Institutional investors own 69.22% of the company’s stock.
A number of analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Trade Desk from $370.00 to $475.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. BidaskClub cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. Citigroup upped their price objective on Trade Desk from $240.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. DA Davidson cut Trade Desk from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $310.00 to $300.00 in a research note on Monday, May 11th. Finally, SunTrust Banks cut Trade Desk from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $280.00 to $250.00 in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $302.57.
Trade Desk stock opened at $451.32 on Friday. The stock has a 50-day moving average of $419.39 and a two-hundred day moving average of $304.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.96 and a current ratio of 1.96. Trade Desk Inc has a one year low of $136.00 and a one year high of $475.67. The stock has a market cap of $19.82 billion, a PE ratio of 173.50, a price-to-earnings-growth ratio of 9.88 and a beta of 2.67.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.81. The business had revenue of $160.70 million for the quarter, compared to analyst estimates of $158.10 million. Trade Desk had a return on equity of 20.65% and a net margin of 17.44%. The company’s revenue was up 32.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, sell-side analysts predict that Trade Desk Inc will post 1.74 EPS for the current fiscal year.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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