StoneX Group Inc. Purchases 36,099 Shares of The Trade Desk $TTD

StoneX Group Inc. acquired a new stake in shares of The Trade Desk (NASDAQ:TTD) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 36,099 shares of the technology company’s stock, valued at approximately $439,000.

Several other hedge funds have also bought and sold shares of TTD. Renaissance Technologies LLC lifted its stake in shares of Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after purchasing an additional 2,018,525 shares during the period. Bank of America Corp DE boosted its stake in shares of Trade Desk by 33.5% during the 1st quarter. Bank of America Corp DE now owns 4,548,894 shares of the technology company’s stock worth $103,214,000 after acquiring an additional 1,141,704 shares in the last quarter. Amundi grew its position in shares of Trade Desk by 0.6% during the 1st quarter. Amundi now owns 3,056,305 shares of the technology company’s stock valued at $69,348,000 after acquiring an additional 17,097 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Trade Desk in the 2nd quarter valued at about $39,750,000. Finally, Quantinno Capital Management LP increased its stake in shares of Trade Desk by 330.0% in the 1st quarter. Quantinno Capital Management LP now owns 1,496,748 shares of the technology company’s stock valued at $33,961,000 after purchasing an additional 1,148,680 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Down 3.2%

Trade Desk stock opened at $15.47 on Friday. The stock has a market cap of $7.27 billion, a P/E ratio of 22.42, a PEG ratio of 1.74 and a beta of 0.98. The company has a 50-day moving average price of $13.19 and a 200 day moving average price of $19.21. The Trade Desk has a 12-month low of $11.62 and a 12-month high of $43.86.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Monday, November 9th. The technology company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.29. The company had revenue of $735.97 million for the quarter, compared to the consensus estimate of $650.93 million. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, analysts forecast that The Trade Desk will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TTD. Piper Sandler increased their price target on Trade Desk from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group restated a “buy” rating and set a $19.00 price objective (up from $15.00) on shares of Trade Desk in a research report on Tuesday. Robert W. Baird set a $9.00 target price on shares of Trade Desk and gave the stock a “neutral” rating in a research note on Friday, August 7th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target (down from $30.00) on shares of Trade Desk in a research note on Monday, August 3rd. Finally, Susquehanna reissued a “neutral” rating and set a $17.00 target price (up from $14.00) on shares of Trade Desk in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $18.52.

Trade Desk News Roundup

Here’s some of the latest news about TTD:

• Positive Sentiment: Q3 revenue of about $736 million exceeded expectations, as did earnings per share. Management also forecast Q4 revenue of about $755 million, offering a potential improvement in growth momentum. Trade Desk’s $736M Q3 Revenues: Is a Growth Recovery Taking Shape?
• Neutral Sentiment: Ratings remain mixed: Piper Sandler maintained a Hold/neutral stance, while other firms reiterated positive ratings or raised targets. This suggests optimism about potential recovery but not broad agreement on near-term upside. Piper Sandler Keeps Their Hold Rating on Trade Desk
• Negative Sentiment: Revenue fell 0.5% year over year, a sharp slowdown from the prior-year growth rate. Reports also flagged profit and margin compression, a restructuring charge and questions about revenue composition. The Trade Desk Beats on Revenue, But the Fine Print Matters

About Trade Desk

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.