Moran Wealth Management LLC Buys 6,062 Shares of The Trade Desk $TTD

Key Points

• Moran Wealth Management LLC increased its holdings in The Trade Desk by 5.4%, owning 118,932 shares valued at approximately $8.56 million after purchasing an additional 6,062 shares in the second quarter.
• Analysts have mixed opinions on Trade Desk, with a consensus rating of "Moderate Buy" and a target price of $84.48, while several have lower price targets and ratings, indicating uncertainty in the stock's performance.
• The Trade Desk reported earnings per share (EPS) of $0.18 for the last quarter, missing estimates, although revenue increased by 18.7% year-over-year to $694.04 million.

Moran Wealth Management LLC boosted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,932 shares of the technology company's stock after buying an additional 6,062 shares during the quarter. Moran Wealth Management LLC's holdings in Trade Desk were worth $8,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Trade Desk during the 1st quarter valued at about $26,000. Sound Income Strategies LLC lifted its position in shares of Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after purchasing an additional 270 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Trade Desk in the 1st quarter worth approximately $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Trade Desk in the 1st quarter worth approximately $31,000. Finally, West Oak Capital LLC lifted its position in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock worth $31,000 after purchasing an additional 350 shares during the period. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TTD shares. BMO Capital Markets lowered their price target on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Stifel Nicolaus lowered their price target on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 8th. HSBC reaffirmed a "hold" rating and issued a $56.00 price target on shares of Trade Desk in a research report on Monday, August 11th. Arete Research raised shares of Trade Desk to a "strong sell" rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of Trade Desk from a "hold" rating to a "sell" rating in a research report on Monday, September 1st. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.48.

Trade Desk Trading Down 1.1%

Shares of Trade Desk stock opened at $50.73 on Wednesday. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of 61.12, a PEG ratio of 2.74 and a beta of 1.38. The firm's 50 day simple moving average is $52.27 and its two-hundred day simple moving average is $62.61.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same quarter in the previous year, the company posted $0.39 EPS. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company's stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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