Yousif Capital Management LLC Acquires 62,171 Shares of The Trade Desk $TTD

Yousif Capital Management LLC lifted its holdings in The Trade Desk (NASDAQ:TTD) by 129.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 110,062 shares of the technology company’s stock after acquiring an additional 62,171 shares during the quarter. Yousif Capital Management LLC’s holdings in Trade Desk were worth $1,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in Trade Desk during the 2nd quarter valued at $39,750,000. Renaissance Technologies LLC lifted its stake in shares of Trade Desk by 59.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after purchasing an additional 2,018,525 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Trade Desk by 1,913.4% during the 1st quarter. Bank of Nova Scotia now owns 1,394,787 shares of the technology company’s stock worth $31,648,000 after purchasing an additional 1,325,513 shares during the last quarter. Quantinno Capital Management LP boosted its position in Trade Desk by 330.0% during the first quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after purchasing an additional 1,148,680 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Trade Desk by 33.5% during the first quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock valued at $103,214,000 after purchasing an additional 1,141,704 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $12.29 on Friday. The stock’s fifty day moving average price is $13.10 and its 200 day moving average price is $20.20. The Trade Desk has a 1-year low of $11.62 and a 1-year high of $50.79. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The business had revenue of $715.06 million during the quarter, compared to analysts’ expectations of $752.41 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Trade Desk will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TTD shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $15.00 target price on shares of Trade Desk in a research note on Wednesday, September 9th. BMO Capital Markets lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research report on Friday, August 7th. BNP Paribas Exane lowered shares of Trade Desk from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a research report on Monday, August 10th. Truist Financial set a $16.00 price target on shares of Trade Desk and gave the company a “hold” rating in a report on Friday, August 7th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Trade Desk in a research report on Tuesday, September 8th. Four analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Reduce” and an average price target of $18.16.

About Trade Desk

The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.

The company’s platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.