Brookstone Capital Management Buys 148,932 Shares of The Trade Desk $TTD

Brookstone Capital Management increased its position in The Trade Desk (NASDAQ:TTD) by 2,873.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,115 shares of the technology company’s stock after purchasing an additional 148,932 shares during the quarter. Brookstone Capital Management’s holdings in Trade Desk were worth $7,553,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC increased its holdings in 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 buying an additional 310 shares during the period. Sound Income Strategies LLC raised 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 valued at $26,000 after purchasing an additional 270 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Trade Desk during the second quarter worth $28,000. Transce3nd LLC acquired a new stake in Trade Desk during the 2nd quarter worth about $28,000. Finally, West Oak Capital LLC lifted its holdings in shares of Trade Desk by 466.7% during the second 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. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 1.7%

Shares of NASDAQ TTD opened at $38.06 on Friday. The stock has a market capitalization of $18.41 billion, a PE ratio of 43.75, a PEG ratio of 1.90 and a beta of 1.07. The stock has a fifty day simple moving average of $42.79 and a 200-day simple moving average of $56.04. The Trade Desk has a twelve month low of $35.65 and a twelve month high of $127.59.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities 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 authorized a stock buyback program on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently issued reports on TTD. Weiss Ratings restated a “hold (c-)” rating on shares of Trade Desk in a research report on Monday. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wells Fargo & Company cut their price objective on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. DA Davidson dropped their target price on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a report on Monday, November 10th. Finally, Rosenblatt Securities cut their price target on Trade Desk from $78.00 to $64.00 and set a “buy” rating for the company in a report on Friday, November 7th. Twenty-one research 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’s stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $76.56.

Trade Desk Company Profile

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.