Trade Desk
About: The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
Employees: 3,115
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
54% more first-time investments, than exits
New positions opened: 148 | Existing positions closed: 96
31% more repeat investments, than reductions
Existing positions increased: 406 | Existing positions reduced: 310
10% more capital invested
Capital invested by funds: $30.3B [Q1] → $33.3B (+$2.95B) [Q2]
6% more funds holding
Funds holding: 941 [Q1] → 993 (+52) [Q2]
5% more funds holding in top 10
Funds holding in top 10: 20 [Q1] → 21 (+1) [Q2]
1.5% less ownership
Funds ownership: 78.1% [Q1] → 76.61% (-1.5%) [Q2]
20% less call options, than puts
Call options by funds: $953M | Put options by funds: $1.2B
Research analyst outlook
31 Wall Street Analysts provided 1 year price targets over the past 3 months
31 analyst ratings
Citigroup Ygal Arounian 44% 1-year accuracy 4 / 9 met price target | 19%upside $140 | Buy Maintained | 16 Oct 2024 |
Stifel Mark Kelley 79% 1-year accuracy 11 / 14 met price target | 16%upside $136 | Buy Maintained | 14 Oct 2024 |
Macquarie Tim Nollen 61% 1-year accuracy 14 / 23 met price target | 10%upside $130 | Outperform Maintained | 11 Oct 2024 |
Keybanc Justin Patterson 67% 1-year accuracy 48 / 72 met price target | 10%upside $130 | Overweight Maintained | 9 Oct 2024 |
Cantor Fitzgerald Deepak Mathivanan 71% 1-year accuracy 25 / 35 met price target | 7%downside $110 | Neutral Reiterated | 7 Oct 2024 |
Financial journalist opinion
Based on 23 articles about TTD published over the past 30 days