Capital Impact Advisors LLC Has $224,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Posted by on Mar 16th, 2023

Capital Impact Advisors LLC lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 27.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,755 shares of the technology company’s stock after selling 1,451 shares during the period. Capital Impact Advisors LLC’s holdings in Trade Desk were worth $224,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First PREMIER Bank bought a new stake in Trade Desk during the third quarter worth approximately $26,000. MUFG Americas Holdings Corp bought a new stake in shares of Trade Desk during the 3rd quarter worth $30,000. Activest Wealth Management grew its stake in Trade Desk by 125.2% in the 3rd quarter. Activest Wealth Management now owns 554 shares of the technology company’s stock valued at $33,000 after buying an additional 308 shares during the last quarter. BDO Wealth Advisors LLC raised its holdings in Trade Desk by 250.0% in the 3rd quarter. BDO Wealth Advisors LLC now owns 567 shares of the technology company’s stock worth $34,000 after acquiring an additional 405 shares during the period. Finally, CI Investments Inc. lifted its position in Trade Desk by 1,003.8% during the 3rd quarter. CI Investments Inc. now owns 585 shares of the technology company’s stock worth $35,000 after acquiring an additional 532 shares during the last quarter. 67.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTD has been the topic of a number of recent analyst reports. Stephens lifted their price objective on Trade Desk from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, February 16th. BTIG Research started coverage on Trade Desk in a report on Friday, March 3rd. They set a “neutral” rating for the company. Guggenheim increased their price objective on Trade Desk from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. New Street Research assumed coverage on shares of Trade Desk in a research note on Wednesday, January 4th. They set a “neutral” rating and a $43.00 target price for the company. Finally, Oppenheimer raised their price target on shares of Trade Desk from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.55.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $55.09 on Thursday. The company’s fifty day moving average is $52.16 and its 200-day moving average is $53.00. The Trade Desk, Inc. has a 52 week low of $39.00 and a 52 week high of $76.75. The company has a market capitalization of $27.04 billion, a PE ratio of 550.96, a P/E/G ratio of 4.84 and a beta of 1.83.

Trade Desk (NASDAQ:TTD – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $490.74 million during the quarter, compared to analyst estimates of $491.24 million. Trade Desk had a net margin of 3.38% and a return on equity of 2.86%. On average, analysts forecast that The Trade Desk, Inc. will post 0.47 EPS for the current year.

Trade Desk Profile

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The Trade Desk, Inc engages in the provision of a technology platform for advertising buyers. It operates through the United States and International geographical segments. The firm’s products include audio advertising, mobile advertising, native advertising, data management platform, cross-device targeting, and inventory and marketplaces.

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

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