Amova Asset Management Americas Inc. Boosts Holdings in The Trade Desk $TTD

Amova Asset Management Americas Inc. grew its stake in shares of The Trade Desk (NASDAQ:TTD) by 26.7% during the third quarter, HoldingsChannel reports. The firm owned 1,174,980 shares of the technology company’s stock after purchasing an additional 247,964 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Trade Desk were worth $57,551,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC boosted its position in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares in the last quarter. Versant Capital Management Inc lifted its position in Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after buying an additional 334 shares during the period. Root Financial Partners LLC bought a new stake in shares of Trade Desk during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Trade Desk in the 2nd quarter worth about $28,000. Finally, Transce3nd LLC purchased a new stake in shares of Trade Desk in the 2nd quarter worth about $28,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $25.17 on Thursday. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. The business has a 50-day simple moving average of $31.51 and a two-hundred day simple moving average of $41.23. The Trade Desk has a fifty-two week low of $21.08 and a fifty-two week high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.Trade Desk’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TTD. Oppenheimer lowered their target price on shares of Trade Desk from $70.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Royal Bank Of Canada lowered their price objective on Trade Desk from $65.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Cfra reissued a “hold” rating and issued a $40.00 target price on shares of Trade Desk in a report on Tuesday, January 27th. Moffett Nathanson restated a “neutral” rating and set a $32.00 price target on shares of Trade Desk in a report on Thursday, February 26th. Finally, New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price target for the company. in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.45.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.