Wall Street analysts predict that Trade Desk Inc (NASDAQ:TTD) will post sales of $73.50 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Trade Desk’s earnings, with the highest sales estimate coming in at $74.10 million and the lowest estimate coming in at $73.09 million. Trade Desk posted sales of $53.35 million during the same quarter last year, which suggests a positive year over year growth rate of 37.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Trade Desk will report full year sales of $73.50 million for the current year, with estimates ranging from $403.30 million to $406.40 million. For the next year, analysts expect that the firm will post sales of $509.63 million per share, with estimates ranging from $501.33 million to $521.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Trade Desk.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The business had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.71 million. Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. Trade Desk’s revenue was up 41.7% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share.
A number of brokerages have recently commented on TTD. Vetr raised Trade Desk from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research note on Tuesday. Zacks Investment Research raised Trade Desk from a “sell” rating to a “hold” rating in a research note on Tuesday. Citigroup lifted their price target on Trade Desk from $69.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Wells Fargo & Co reissued a “buy” rating and set a $62.00 price target on shares of Trade Desk in a research note on Friday, February 23rd. Finally, Stifel Nicolaus set a $69.00 price target on Trade Desk and gave the company a “buy” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk presently has a consensus rating of “Buy” and an average price target of $66.38.
In other news, COO Robert David Perdue sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $50.08, for a total transaction of $250,400.00. Following the completion of the transaction, the chief operating officer now directly owns 97,354 shares in the company, valued at $4,875,488.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 1,411 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $50.25, for a total value of $70,902.75. Following the transaction, the chief executive officer now owns 130,333 shares of the company’s stock, valued at $6,549,233.25. The disclosure for this sale can be found here. Insiders have sold 795,435 shares of company stock valued at $45,360,734 over the last 90 days. 26.87% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Ashford Capital Management Inc. raised its position in shares of Trade Desk by 34.2% during the fourth quarter. Ashford Capital Management Inc. now owns 406,346 shares of the technology company’s stock worth $18,582,000 after acquiring an additional 103,606 shares during the last quarter. Pier Capital LLC raised its position in shares of Trade Desk by 24.4% during the fourth quarter. Pier Capital LLC now owns 130,478 shares of the technology company’s stock worth $5,967,000 after acquiring an additional 25,591 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Trade Desk by 25.8% during the fourth quarter. Macquarie Group Ltd. now owns 668,188 shares of the technology company’s stock worth $30,556,000 after acquiring an additional 137,240 shares during the last quarter. LPL Financial LLC raised its position in shares of Trade Desk by 71.5% during the fourth quarter. LPL Financial LLC now owns 6,000 shares of the technology company’s stock worth $274,000 after acquiring an additional 2,502 shares during the last quarter. Finally, PEAK6 Investments L.P. raised its position in shares of Trade Desk by 50.9% during the fourth quarter. PEAK6 Investments L.P. now owns 41,928 shares of the technology company’s stock worth $1,917,000 after acquiring an additional 14,139 shares during the last quarter. Institutional investors own 74.29% of the company’s stock.
Shares of Trade Desk (NASDAQ TTD) opened at $58.57 on Thursday. Trade Desk has a 12 month low of $34.79 and a 12 month high of $67.30. The company has a market capitalization of $2,410.00 and a PE ratio of 50.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48.
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Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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