Nisa Investment Advisors LLC Buys 15,260 Shares of The Trade Desk $TTD

Nisa Investment Advisors LLC increased its stake in shares of The Trade Desk (NASDAQ:TTD) by 36.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,825 shares of the technology company’s stock after buying an additional 15,260 shares during the period. Nisa Investment Advisors LLC’s holdings in Trade Desk were worth $2,785,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Group LLC grew its position in shares of Trade Desk by 2.8% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock valued at $321,000 after acquiring an additional 122 shares during the period. STF Management LP lifted its stake in Trade Desk by 2.1% in the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after purchasing an additional 136 shares during the last quarter. Mutual Advisors LLC grew its holdings in Trade Desk by 3.5% during the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after purchasing an additional 142 shares during the period. HighMark Wealth Management LLC increased its position in Trade Desk by 46.2% in the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after buying an additional 151 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 1.0%

Shares of Trade Desk stock opened at $36.90 on Tuesday. The company’s 50-day moving average price is $39.55 and its 200-day moving average price is $53.18. The Trade Desk has a 12-month low of $35.65 and a 12-month high of $126.20. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 42.41, a PEG ratio of 1.46 and a beta of 1.11.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $739.43 million for the quarter, compared to analyst estimates of $719.11 million. During the same quarter in the prior year, the firm posted $0.41 EPS. Trade Desk’s revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its board has approved a stock buyback program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TTD shares. Wall Street Zen raised Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Guggenheim reiterated a “buy” rating and set a $50.00 target price (down previously from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. Jefferies Financial Group set a $40.00 price target on shares of Trade Desk and gave the company a “hold” rating in a research report on Thursday, December 11th. Rosenblatt Securities dropped their price target on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Finally, Truist Financial reduced their price objective on shares of Trade Desk from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $70.84.

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.