Brokerages expect Trade Desk Inc (NASDAQ:TTD) to announce sales of $116.66 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Trade Desk’s earnings, with the lowest sales estimate coming in at $115.94 million and the highest estimate coming in at $117.50 million. Trade Desk reported sales of $79.41 million in the same quarter last year, which indicates a positive year-over-year growth rate of 46.9%. The company is expected to issue its next quarterly earnings results on Thursday, November 8th.
According to Zacks, analysts expect that Trade Desk will report full-year sales of $456.79 million for the current financial year, with estimates ranging from $456.03 million to $458.70 million. For the next financial year, analysts anticipate that the company will post sales of $595.72 million per share, with estimates ranging from $574.40 million to $615.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for 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 Thomson Reuters’ consensus estimate of $0.44 by $0.16. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $103.87 million. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 54.3% on a year-over-year basis.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, May 16th. BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, May 16th. SunTrust Banks reiterated a “buy” rating and issued a $75.00 target price on shares of Trade Desk in a research note on Monday, May 14th. ValuEngine upgraded Trade Desk from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Finally, Needham & Company LLC upped their target price on Trade Desk to $75.00 and gave the company a “buy” rating in a research note on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.47.
In related news, COO Robert David Perdue sold 5,485 shares of Trade Desk stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $144.39, for a total transaction of $791,979.15. Following the completion of the transaction, the chief operating officer now owns 137,578 shares of the company’s stock, valued at $19,864,887.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian John Stempeck sold 20,332 shares of Trade Desk stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $94.87, for a total transaction of $1,928,896.84. Following the transaction, the insider now directly owns 65,352 shares of the company’s stock, valued at approximately $6,199,944.24. The disclosure for this sale can be found here. Insiders have sold 437,876 shares of company stock valued at $43,182,412 in the last ninety days. Insiders own 26.87% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. bought a new stake in shares of Trade Desk during the 2nd quarter worth $147,000. Mount Yale Investment Advisors LLC grew its position in Trade Desk by 235.7% during the second quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock worth $155,000 after buying an additional 1,162 shares in the last quarter. Strs Ohio acquired a new stake in Trade Desk during the second quarter worth about $187,000. CAPROCK Group Inc. acquired a new stake in Trade Desk during the second quarter worth about $201,000. Finally, Sawtooth Solutions LLC acquired a new stake in Trade Desk during the second quarter worth about $219,000. 71.72% of the stock is owned by institutional investors and hedge funds.
TTD stock traded up $2.77 on Tuesday, reaching $142.02. The company’s stock had a trading volume of 55,893 shares, compared to its average volume of 1,568,885. Trade Desk has a 52 week low of $40.70 and a 52 week high of $147.49. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 120.72, a price-to-earnings-growth ratio of 3.96 and a beta of 3.05.
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.
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