The Trade Desk $TTD Stock Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its holdings in shares of The Trade Desk (NASDAQ:TTD) by 129.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,062 shares of the technology company’s stock after buying an additional 62,171 shares during the quarter. Yousif Capital Management LLC’s holdings in Trade Desk were worth $1,339,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $15.00 target price on shares of Trade Desk in a research report on Wednesday, September 9th. Rosenblatt Securities lowered their target price on shares of Trade Desk from $24.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. BMO Capital Markets cut shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a report on Friday, August 7th. Robert W. Baird set a $9.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Raymond James Financial lowered shares of Trade Desk from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $18.16.

Trade Desk Stock Down 5.9%

Shares of NASDAQ:TTD opened at $12.29 on Friday. The Trade Desk has a 52-week low of $11.62 and a 52-week high of $50.79. The stock has a market cap of $5.77 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The business’s 50 day moving average is $13.10 and its 200 day moving average is $20.20.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). The firm had revenue of $715.06 million for the quarter, compared to analysts’ expectations of $752.41 million. Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts anticipate that The Trade Desk will post 0.52 EPS for the current fiscal year.

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.