Money Concepts Capital Corp Makes New Investment in The Trade Desk $TTD

Money Concepts Capital Corp bought a new position in The Trade Desk (NASDAQ:TTDFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,788 shares of the technology company’s stock, valued at approximately $1,738,000.

A number of other institutional investors also recently modified their holdings of TTD. Versant Capital Management Inc raised its stake in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Trade Desk in the third quarter worth about $26,000. Elevation Wealth Partners LLC raised its stake in shares of Trade Desk by 2,382.8% in the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after acquiring an additional 691 shares during the last quarter. First Horizon Corp bought a new position in shares of Trade Desk in the third quarter worth about $29,000. Finally, Albion Financial Group UT bought a new position in shares of Trade Desk in the fourth quarter worth about $30,000. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.41% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $21.14 on Wednesday. The company’s 50 day simple moving average is $23.59 and its 200 day simple moving average is $32.19. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The firm has a market capitalization of $10.06 billion, a P/E ratio of 24.02, a P/E/G ratio of 0.96 and a beta of 1.10.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The firm had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts expect that The Trade Desk will post 1.27 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTD. New Street Research downgraded shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price for the company. in a research note on Thursday, February 26th. KeyCorp lowered shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday. Needham & Company LLC cut their price objective on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Oppenheimer lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Scotiabank set a $20.00 price objective on shares of Trade Desk in a report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.29.

Check Out Our Latest Analysis on Trade Desk

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

Trade Desk Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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