Equities research analysts expect that Trade Desk Inc (NASDAQ:TTD) will announce sales of $116.62 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Trade Desk’s earnings, with estimates ranging from $115.94 million to $117.50 million. Trade Desk reported sales of $79.41 million during the same quarter last year, which suggests a positive year-over-year growth rate of 46.9%. The company is expected to issue its next earnings results after the market closes on Thursday, November 8th.
According to Zacks, analysts expect that Trade Desk will report full-year sales of $458.20 million for the current fiscal year, with estimates ranging from $456.03 million to $466.62 million. For the next year, analysts forecast that the firm will report sales of $603.32 million, with estimates ranging from $574.40 million to $624.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Trade Desk.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $103.87 million. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The company’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS.
A number of research firms have recently commented on TTD. Zacks Investment Research raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Friday, September 28th. Citigroup boosted their target price on shares of Trade Desk to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $126.00) on shares of Trade Desk in a research report on Tuesday, September 25th. BidaskClub lowered shares of Trade Desk from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Rosenblatt Securities started coverage on shares of Trade Desk in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $138.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $118.00.
Shares of NASDAQ:TTD traded down $5.77 during trading on Wednesday, reaching $122.18. The stock had a trading volume of 69,212 shares, compared to its average volume of 1,222,534. Trade Desk has a 52 week low of $40.70 and a 52 week high of $161.50. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 102.50, a P/E/G ratio of 4.84 and a beta of 3.16.
In other Trade Desk news, Director Thomas Falk sold 58,456 shares of Trade Desk stock in a transaction on Monday, October 1st. The shares were sold at an average price of $144.93, for a total transaction of $8,472,028.08. Following the sale, the director now owns 9,390 shares in the company, valued at $1,360,892.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $108.23, for a total transaction of $1,082,300.00. Following the completion of the sale, the insider now owns 55,020 shares in the company, valued at approximately $5,954,814.60. The disclosure for this sale can be found here. Insiders have sold 650,974 shares of company stock worth $88,005,057 in the last quarter. Corporate insiders own 23.54% of the company’s stock.
Several large investors have recently modified their holdings of the company. WINTON GROUP Ltd bought a new position in shares of Trade Desk in the third quarter valued at about $352,000. CIBC Asset Management Inc bought a new position in shares of Trade Desk in the third quarter valued at about $227,000. Meeder Asset Management Inc. bought a new position in shares of Trade Desk in the third quarter valued at about $294,000. Stratos Wealth Partners LTD. bought a new stake in Trade Desk during the 3rd quarter worth about $422,000. Finally, Pitcairn Co. raised its holdings in Trade Desk by 27.3% during the 3rd quarter. Pitcairn Co. now owns 7,533 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 1,617 shares during the last quarter. Institutional investors own 70.60% of the company’s stock.
Trade Desk Company Profile
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.
Recommended Story: How Investors Use a Balance Sheet
Get a free copy of the Zacks research report on Trade Desk (TTD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.