Boothbay Fund Management LLC Acquires Shares of 4,083 The Trade Desk, Inc. (NASDAQ:TTD)

Boothbay Fund Management LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,083 shares of the technology company’s stock, valued at approximately $480,000.

Several other large investors also recently modified their holdings of TTD. Focus Financial Network Inc. raised its position in Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after purchasing an additional 84 shares during the last quarter. RMR Wealth Builders increased its stake in shares of Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after buying an additional 89 shares during the period. Quotient Wealth Partners LLC raised its holdings in shares of Trade Desk by 4.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after acquiring an additional 94 shares in the last quarter. TFB Advisors LLC lifted its stake in Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after acquiring an additional 94 shares during the period. Finally, Centurion Wealth Management LLC boosted its holdings in Trade Desk by 2.6% in the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company’s stock valued at $443,000 after acquiring an additional 96 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Down 1.9 %

Shares of Trade Desk stock opened at $53.63 on Thursday. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 68.76, a price-to-earnings-growth ratio of 3.11 and a beta of 1.56. The company’s 50 day moving average is $56.47 and its 200 day moving average is $98.21.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Sell-side analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback plan on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Susquehanna dropped their target price on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 13th. Morgan Stanley lowered their price objective on shares of Trade Desk from $132.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Rosenblatt Securities initiated coverage on Trade Desk in a report on Tuesday. They set a “buy” rating and a $77.00 target price on the stock. Royal Bank of Canada decreased their target price on Trade Desk from $120.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, March 17th. Finally, DA Davidson dropped their price target on Trade Desk from $134.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.32.

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.