Rafferty Asset Management LLC Purchases 144,801 Shares of The Trade Desk $TTD

Rafferty Asset Management LLC boosted its holdings in The Trade Desk (NASDAQ:TTD) by 83.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 317,433 shares of the technology company’s stock after purchasing an additional 144,801 shares during the quarter. Rafferty Asset Management LLC owned about 0.06% of Trade Desk worth $15,557,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its holdings in shares of Trade Desk by 26.6% during the third quarter. Huntington National Bank now owns 2,667 shares of the technology company’s stock valued at $131,000 after buying an additional 561 shares during the last quarter. Quantbot Technologies LP lifted its position in Trade Desk by 1,156.8% in the 3rd quarter. Quantbot Technologies LP now owns 118,037 shares of the technology company’s stock valued at $5,785,000 after acquiring an additional 108,645 shares in the last quarter. Caitlin John LLC acquired a new position in Trade Desk during the 3rd quarter valued at about $41,000. Clare Market Investments LLC increased its holdings in Trade Desk by 23.5% during the 3rd quarter. Clare Market Investments LLC now owns 23,905 shares of the technology company’s stock worth $1,172,000 after purchasing an additional 4,555 shares in the last quarter. Finally, Integrated Financial Solutions Inc. purchased a new stake in shares of Trade Desk in the third quarter worth approximately $992,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

More Trade Desk News

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

• Positive Sentiment: Board authorized a $350 million share repurchase (about 2.9% of shares), signaling management thinks the stock is undervalued. MarketBeat Buyback Report
• Positive Sentiment: Q4 beat: revenue of ~$847M and EPS in line with consensus; core ad businesses (CTV/video) remain large and audio is cited as an emerging growth driver. Proactive Investors Q4 Coverage
• Positive Sentiment: Product roadmap/Kokai platform rollout noted as a potential catalyst that could restore growth and justify valuation after the pullback. Yahoo Valuation/Kokai Article
• Neutral Sentiment: Unusually large options volume — indicates elevated trading/speculation and hedging activity around the stock but not directional confirmation. American Banking News Options Note
• Negative Sentiment: Softer Q1 guidance: management guided Q1 revenue growth below Street expectations (roughly +10% vs. ~12% consensus) and flagged a ~500bps year‑over‑year margin headwind, which spooked investors. Yahoo: Jefferies Reaction & Guidance Note
• Negative Sentiment: Profitability outlook hit: management’s adjusted EBITDA guidance implies a material near‑term cut (one article notes adjusted EBITDA could be halved), increasing short‑term earnings uncertainty. Fool: EBITDA/Guidance Coverage
• Negative Sentiment: Broad analyst repricing: multiple firms cut price targets and ratings after the guidance (examples include Jefferies, Loop, New Street and others), reflecting increased skepticism about near‑term growth and competitive pressure. TipRanks: Analyst Reactions
• Negative Sentiment: Market share and secular worries: coverage highlights slowing growth, competition (notably Amazon), and investor reassessment of the “independent objective ad‑tech” thesis, pressuring multiples. Fool: Competitive/Thesis Coverage

Trade Desk Trading Down 0.5%

Shares of TTD stock opened at $23.82 on Friday. The firm’s 50 day moving average is $32.27 and its 200 day moving average is $41.81. The stock has a market capitalization of $11.52 billion, a P/E ratio of 26.47, a PEG ratio of 0.93 and a beta of 1.10. The Trade Desk has a 12 month low of $21.08 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.60%. The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. KeyCorp reaffirmed an “overweight” rating and set a $40.00 target price (down from $88.00) on shares of Trade Desk in a research report on Tuesday, February 3rd. BMO Capital Markets cut their price objective on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday. Bank of America reduced their target price on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating for the company in a research note on Tuesday, January 20th. Susquehanna dropped their price target on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Finally, Scotiabank restated a “sector perform” rating and set a $32.00 price target (down from $60.00) on shares of Trade Desk in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of “Hold” and an average target price of $44.70.

Trade Desk 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.