Equities research analysts expect The Trade Desk (NASDAQ:TTD) to report $73.50 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for The Trade Desk’s earnings. The lowest sales estimate is $73.09 million and the highest is $74.10 million. The Trade Desk reported sales of $53.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 37.8%. The firm is expected to issue its next earnings results on Thursday, May 10th.
According to Zacks, analysts expect that The Trade Desk will report full-year sales of $73.50 million for the current fiscal year, with estimates ranging from $403.05 million to $406.40 million. For the next fiscal year, analysts anticipate that the company will post sales of $508.08 million per share, with estimates ranging from $500.34 million to $521.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover The Trade Desk.
The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.71 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was up 41.7% on a year-over-year basis.
Several analysts have weighed in on the company. Vetr downgraded The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $54.47 price objective for the company. in a research report on Thursday, January 11th. Zacks Investment Research upgraded The Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Thursday, January 11th. Stifel Nicolaus set a $69.00 price objective on The Trade Desk and gave the company a “buy” rating in a research report on Friday, February 23rd. BidaskClub upgraded The Trade Desk from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Piper Jaffray assumed coverage on The Trade Desk in a research report on Thursday. They issued an “overweight” rating and a $63.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.14.
TTD stock traded up $0.26 during midday trading on Monday, hitting $47.94. The company had a trading volume of 581,554 shares, compared to its average volume of 969,971. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48. The Trade Desk has a 52 week low of $35.04 and a 52 week high of $67.30. The company has a market capitalization of $1,995.41, a P/E ratio of 40.29, a PEG ratio of 1.61 and a beta of 1.93.
In other news, insider Brian John Stempeck sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $55.33, for a total transaction of $1,244,925.00. Following the transaction, the insider now directly owns 67,050 shares of the company’s stock, valued at $3,709,876.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Ross sold 3,729 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $59.71, for a total value of $222,658.59. Following the transaction, the chief financial officer now directly owns 71,101 shares in the company, valued at $4,245,440.71. The disclosure for this sale can be found here. Insiders have sold 823,706 shares of company stock worth $46,967,046 over the last three months. Insiders own 23.54% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Ashford Capital Management Inc. grew its stake in The Trade Desk by 34.2% in the fourth quarter. Ashford Capital Management Inc. now owns 406,346 shares of the technology company’s stock worth $18,582,000 after purchasing an additional 103,606 shares during the period. Pier Capital LLC grew its stake in The Trade Desk by 24.4% in the fourth quarter. Pier Capital LLC now owns 130,478 shares of the technology company’s stock worth $5,967,000 after purchasing an additional 25,591 shares during the period. Macquarie Group Ltd. grew its stake in The Trade Desk by 25.8% in the fourth quarter. Macquarie Group Ltd. now owns 668,188 shares of the technology company’s stock worth $30,556,000 after purchasing an additional 137,240 shares during the period. LPL Financial LLC grew its stake in The Trade Desk by 71.5% in the fourth quarter. LPL Financial LLC now owns 6,000 shares of the technology company’s stock worth $274,000 after purchasing an additional 2,502 shares during the period. Finally, PEAK6 Investments L.P. grew its stake in The Trade Desk by 50.9% in the fourth quarter. PEAK6 Investments L.P. now owns 41,928 shares of the technology company’s stock worth $1,917,000 after purchasing an additional 14,139 shares during the period. 72.89% of the stock is currently owned by institutional investors.
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The Trade Desk Company Profile
The Trade Desk, Inc, a technology company, a self-service omni-channel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. Its platform allows clients to manage integrated advertising campaigns across various advertising formats, including connected television (TV), mobile, video, audio, display, social, and native, as well as on various devices, such as smart TVs, computers, and mobile devices.
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