StoneX Group Inc. Purchases 36,099 Shares of The Trade Desk $TTD

StoneX Group Inc. bought a new stake in shares of The Trade Desk (NASDAQ:TTD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,099 shares of the technology company’s stock, valued at approximately $439,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTD. NBH Bank bought a new stake in shares of Trade Desk during the second quarter worth $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Trade Desk by 159.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,247 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Trade Desk during the 3rd quarter valued at about $51,000. South Dakota Investment Council bought a new position in Trade Desk in the 1st quarter worth about $54,000. Finally, Western Wealth Management LLC purchased a new position in shares of Trade Desk during the first quarter worth approximately $56,000. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the subject of several research analyst reports. Susquehanna reaffirmed a “neutral” rating and set a $17.00 price target (up from $14.00) on shares of Trade Desk in a research note on Tuesday. Citigroup upped their price objective on shares of Trade Desk from $11.00 to $12.00 and gave the stock a “sell” rating in a research note on Tuesday. Benchmark reissued a “buy” rating and set a $20.00 target price (down from $30.00) on shares of Trade Desk in a research report on Monday, August 3rd. Wells Fargo & Company boosted their price target on shares of Trade Desk from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Scotiabank increased their price objective on shares of Trade Desk from $12.00 to $15.00 and gave the company a “sector perform” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Reduce” and a consensus target price of $18.52.

Trade Desk Price Performance

Trade Desk stock opened at $15.47 on Friday. The Trade Desk has a 1-year low of $11.62 and a 1-year high of $43.86. The business has a fifty day moving average price of $13.19 and a 200-day moving average price of $19.21. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.74 and a beta of 0.98.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.29. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. The company had revenue of $735.97 million during the quarter, compared to analysts’ expectations of $650.93 million. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that The Trade Desk will post 0.52 earnings per share for the current fiscal year.

Trending Headlines about Trade Desk

Here are a few of the latest headlines about TTD:

• Positive Sentiment: Q3 revenue of about $736 million exceeded expectations, as did earnings per share. Management also forecast Q4 revenue of about $755 million, offering a potential improvement in growth momentum. Trade Desk’s $736M Q3 Revenues: Is a Growth Recovery Taking Shape?
• Positive Sentiment: Analyst sentiment has included multiple price-target increases after the earnings report; at least 14 analysts reportedly raised targets, adding a source of support for the stock. Trade Desk Stock Boosted by Wall Street Optimism Following Earnings Beat
• Neutral Sentiment: Ratings remain mixed: Piper Sandler maintained a Hold/neutral stance, while other firms reiterated positive ratings or raised targets. This suggests optimism about potential recovery but not broad agreement on near-term upside. Piper Sandler Keeps Their Hold Rating on Trade Desk

About Trade Desk

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.