The Trade Desk $TTD Shares Bought by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC increased its stake in The Trade Desk (NASDAQ: TTD) by 119.4% during Q1, acquiring an additional 122,705 shares to reach a total of 225,510 shares worth $12.34 million.
• Trade Desk's stock has received mixed ratings from analysts, with a consensus price target of $88.58, while Citigroup downgraded its target price from $90.00 to $65.00.
• Recently, the company reported $0.18 EPS for Q2, missing estimates by $0.24, despite an 18.7% increase in revenue year-over-year, totaling $694.04 million.

Rafferty Asset Management LLC grew its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 119.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,510 shares of the technology company's stock after acquiring an additional 122,705 shares during the quarter. Rafferty Asset Management LLC's holdings in Trade Desk were worth $12,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Connective Capital Management LLC acquired a new position in shares of Trade Desk during the 1st quarter valued at about $1,036,000. Taikang Asset Management Hong Kong Co Ltd increased its position in Trade Desk by 12.3% during the 1st quarter. Taikang Asset Management Hong Kong Co Ltd now owns 85,273 shares of the technology company's stock worth $4,666,000 after purchasing an additional 9,309 shares in the last quarter. Comerica Bank increased its position in Trade Desk by 30.8% during the 1st quarter. Comerica Bank now owns 102,293 shares of the technology company's stock worth $5,597,000 after purchasing an additional 24,088 shares in the last quarter. In Depth Partners LLC increased its position in Trade Desk by 39.0% during the 1st quarter. In Depth Partners LLC now owns 125,957 shares of the technology company's stock worth $6,892,000 after purchasing an additional 35,334 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in Trade Desk by 1,544.1% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 31,781 shares of the technology company's stock worth $1,739,000 after purchasing an additional 29,848 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup reissued a "neutral" rating and set a $65.00 target price (down previously from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Arete Research raised shares of Trade Desk to a "strong sell" rating in a research report on Monday, July 28th. JMP Securities reissued a "market outperform" rating and set a $100.00 target price on shares of Trade Desk in a research report on Tuesday, June 24th. Oppenheimer increased their target price on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Trade Desk from a "sell" rating to a "hold" rating in a research report on Sunday. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Up 0.8%

Shares of NASDAQ:TTD opened at $52.65 on Thursday. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The company has a 50 day moving average of $71.45 and a two-hundred day moving average of $67.48. The company has a market capitalization of $25.74 billion, a price-to-earnings ratio of 63.43, a price-to-earnings-growth ratio of 2.68 and a beta of 1.37.

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

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.00% of the company's stock.

Trade Desk Profile

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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