AdvisorNet Financial Inc Has $41,000 Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

AdvisorNet Financial Inc lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 86.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 918 shares of the technology company’s stock after selling 5,992 shares during the period. AdvisorNet Financial Inc’s holdings in Trade Desk were worth $41,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cigna Investments Inc. New boosted its position in shares of Trade Desk by 4.5% in the second quarter. Cigna Investments Inc. New now owns 4,791 shares of the technology company’s stock worth $201,000 after buying an additional 206 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Trade Desk by 2.3% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 9,340 shares of the technology company’s stock valued at $558,000 after purchasing an additional 210 shares during the last quarter. M&T Bank Corp boosted its position in Trade Desk by 1.3% during the third quarter. M&T Bank Corp now owns 17,155 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 225 shares during the last quarter. Commerce Bank boosted its position in Trade Desk by 1.6% during the third quarter. Commerce Bank now owns 15,402 shares of the technology company’s stock valued at $920,000 after purchasing an additional 238 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Trade Desk by 1.8% during the third quarter. Sunbelt Securities Inc. now owns 13,802 shares of the technology company’s stock valued at $825,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.

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Trade Desk Stock Performance

Trade Desk stock opened at $59.90 on Tuesday. The business’s 50-day simple moving average is $54.36 and its 200-day simple moving average is $52.76. The firm has a market capitalization of $29.40 billion, a PE ratio of 599.06, a PEG ratio of 5.39 and a beta of 1.83. The Trade Desk, Inc. has a 52 week low of $39.00 and a 52 week high of $76.75.

Trade Desk (NASDAQ:TTD – Get Rating) last posted its quarterly earnings data 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 business had revenue of $490.74 million during the quarter, compared to the consensus estimate of $491.24 million. Trade Desk had a return on equity of 2.86% and a net margin of 3.38%. Research analysts forecast that The Trade Desk, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

TTD has been the subject of a number of research reports. Piper Sandler initiated coverage on Trade Desk in a research report on Tuesday, December 20th. They set an “overweight” rating and a $60.00 price objective for the company. Oppenheimer lifted their price objective on Trade Desk from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 15th. Vertical Research cut Trade Desk from a “positive” rating to a “neutral” rating in a research report on Tuesday, January 24th. KeyCorp lifted their price objective on Trade Desk from $55.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. Finally, BTIG Research assumed coverage on Trade Desk in a report on Friday, March 3rd. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $71.30.

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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