Wall Street brokerages predict that Trade Desk Inc (NASDAQ:TTD) will post sales of $103.67 million for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Trade Desk’s earnings, with the highest sales estimate coming in at $105.10 million and the lowest estimate coming in at $103.00 million. Trade Desk posted sales of $72.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 42.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 9th.
According to Zacks, analysts expect that Trade Desk will report full-year sales of $434.53 million for the current year, with estimates ranging from $432.98 million to $439.70 million. For the next year, analysts expect that the firm will report sales of $555.38 million per share, with estimates ranging from $545.49 million to $567.30 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Trade Desk.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 10th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.24. Trade Desk had a net margin of 16.14% and a return on equity of 24.07%. The company had revenue of $85.70 million for the quarter, compared to the consensus estimate of $73.25 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 60.5% compared to the same quarter last year.
Several analysts have issued reports on the stock. Susquehanna Bancshares upped their price target on shares of Trade Desk from $81.00 to $105.00 and gave the company a “positive” rating in a report on Thursday, June 14th. Vertical Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. Oppenheimer upped their price target on shares of Trade Desk to $101.00 and gave the company an “outperform” rating in a report on Friday, June 22nd. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Finally, Wells Fargo & Co downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $60.00 price target on the stock. in a report on Monday, June 4th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Trade Desk currently has a consensus rating of “Buy” and an average target price of $77.63.
Shares of Trade Desk traded up $1.59, hitting $93.80, on Tuesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 714,835 shares, compared to its average volume of 1,136,842. Trade Desk has a 12-month low of $40.70 and a 12-month high of $94.64. The company has a market capitalization of $3.86 billion, a PE ratio of 78.82, a price-to-earnings-growth ratio of 2.89 and a beta of 2.64.
In related news, insider Brian John Stempeck sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $48.14, for a total transaction of $1,083,150.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul Ross sold 6,482 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $53.85, for a total transaction of $349,055.70. Following the transaction, the chief financial officer now directly owns 65,459 shares in the company, valued at approximately $3,524,967.15. The disclosure for this sale can be found here. Insiders have sold 459,217 shares of company stock worth $34,059,250 in the last three months. Insiders own 26.87% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Trade Desk by 5.7% during the first quarter. The Manufacturers Life Insurance Company now owns 19,665 shares of the technology company’s stock worth $975,000 after purchasing an additional 1,063 shares during the period. Guggenheim Capital LLC raised its stake in Trade Desk by 12.2% during the first quarter. Guggenheim Capital LLC now owns 11,257 shares of the technology company’s stock worth $560,000 after purchasing an additional 1,220 shares during the period. Commonwealth Equity Services LLC raised its stake in Trade Desk by 15.6% during the first quarter. Commonwealth Equity Services LLC now owns 9,739 shares of the technology company’s stock worth $483,000 after purchasing an additional 1,314 shares during the period. UBS Group AG raised its stake in Trade Desk by 5.8% during the first quarter. UBS Group AG now owns 28,231 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 1,551 shares during the period. Finally, Advisor Group Inc. raised its stake in Trade Desk by 39.7% during the fourth quarter. Advisor Group Inc. now owns 5,578 shares of the technology company’s stock worth $254,000 after purchasing an additional 1,584 shares during the period. 73.41% of the stock is currently owned by institutional investors.
About Trade Desk
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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