The Trade Desk $TTD Shares Sold by LaFleur & Godfrey LLC

Key Points

• LaFleur & Godfrey LLC cut its Trade Desk stake by 85.1% in the third quarter, selling 95,082 shares and retaining 16,621 shares valued at approximately $202,000. Institutional investors and hedge funds collectively own 67.77% of the company.
• Analyst sentiment is cautious: Trade Desk has a consensus rating of “Reduce”, with 26 Hold, nine Sell, and four Buy ratings. The average price target is $18.16, although several analysts recently lowered their targets.
• Trade Desk shares opened at $12.76, near the lower end of their 52-week range of $11.62 to $51.62. The company’s latest quarter missed estimates, reporting $0.34 in EPS versus $0.40 expected and revenue of $715.06 million versus $752.41 million forecast.

LaFleur & Godfrey LLC cut its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 85.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,621 shares of the technology company's stock after selling 95,082 shares during the period. LaFleur & Godfrey LLC's holdings in Trade Desk were worth $202,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC increased its stake in Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company's stock worth $30,000 after acquiring an additional 906 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Trade Desk in the first quarter valued at $36,000. NBH Bank acquired a new position in shares of Trade Desk in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of Trade Desk by 159.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company's stock valued at $46,000 after purchasing an additional 1,247 shares during the last quarter. Finally, South Dakota Investment Council acquired a new position in shares of Trade Desk in the 1st quarter valued at $54,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TTD shares. Needham & Company LLC lowered their price target on Trade Desk from $25.00 to $19.00 and set a "buy" rating for the company in a report on Friday, August 7th. Evercore set a $14.00 price objective on shares of Trade Desk in a report on Tuesday, September 8th. Moffett Nathanson set a $6.00 target price on shares of Trade Desk in a research report on Friday, August 7th. Cantor Fitzgerald decreased their target price on shares of Trade Desk from $20.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Trade Desk from a "strong sell" rating to a "hold" rating in a research note on Friday, October 9th. Four investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $18.16.

Trade Desk Stock Up 0.5%

Shares of NASDAQ TTD opened at $12.76 on Thursday. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.41 and a beta of 1.00. The Trade Desk has a 52-week low of $11.62 and a 52-week high of $51.62. The business's 50 day moving average is $13.13 and its two-hundred day moving average is $20.44.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.06). Trade Desk had a return on equity of 16.09% and a net margin of 13.61%. The firm had revenue of $715.06 million for the quarter, compared to analyst estimates of $752.41 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that The Trade Desk will post 0.52 EPS for the current fiscal year.

Trade Desk Company Profile

The Trade Desk, Inc is a technology company that provides a cloud-based platform for digital advertising. Its demand-side platform enables advertisers and advertising agencies to plan, purchase, optimize and measure programmatic campaigns across channels including connected television, display, mobile, audio, native advertising and digital out-of-home media.

The company's platform is designed to help clients use data and automated bidding to reach audiences across websites, applications, streaming services and other digital properties.

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