Equities research analysts predict that Trade Desk Inc (NASDAQ:TTD) will announce $0.49 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Trade Desk’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.57. Trade Desk reported earnings per share of $0.35 in the same quarter last year, which would indicate a positive year over year growth rate of 40%. The company is expected to issue its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Trade Desk will report full year earnings of $2.16 per share for the current year, with EPS estimates ranging from $1.99 to $2.25. For the next financial year, analysts forecast that the firm will report earnings of $2.64 per share, with EPS estimates ranging from $2.30 to $3.06. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Trade Desk.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ 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 firm’s revenue was up 54.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS.
TTD has been the topic of several recent research reports. Oppenheimer increased their target price on shares of Trade Desk to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 22nd. Pivotal Research initiated coverage on shares of Trade Desk in a report on Monday, July 9th. They set a “sell” rating and a $58.00 target price on the stock. Nomura initiated coverage on shares of Trade Desk in a report on Tuesday, July 10th. They set a “neutral” rating and a $87.00 target price on the stock. BidaskClub cut shares of Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Royal Bank of Canada increased their target price on shares of Trade Desk from $80.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $113.42.
TTD stock traded up $5.33 during trading on Friday, hitting $123.06. The company had a trading volume of 1,997,595 shares, compared to its average volume of 1,123,646. The company has a market capitalization of $6.48 billion, a PE ratio of 103.41, a P/E/G ratio of 4.21 and a beta of 3.05. Trade Desk has a 52-week low of $40.70 and a 52-week high of $161.50.
In other news, insider Jeffrey Terry Green sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $135.56, for a total value of $61,002,000.00. Following the sale, the insider now directly owns 506,178 shares in the company, valued at approximately $68,617,489.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Falk sold 162,141 shares of the firm’s stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $93.67, for a total transaction of $15,187,747.47. Following the completion of the sale, the director now owns 9,390 shares in the company, valued at $879,561.30. The disclosure for this sale can be found here. Insiders sold a total of 884,994 shares of company stock worth $109,066,063 over the last 90 days. Company insiders own 23.54% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of Trade Desk by 7.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 11,697 shares of the technology company’s stock valued at $1,097,000 after buying an additional 810 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Trade Desk by 5.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,665 shares of the technology company’s stock valued at $975,000 after buying an additional 1,063 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Trade Desk by 235.7% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock valued at $155,000 after buying an additional 1,162 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Trade Desk by 12.2% in the 1st quarter. Guggenheim Capital LLC now owns 11,257 shares of the technology company’s stock valued at $560,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Trade Desk by 15.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 9,739 shares of the technology company’s stock valued at $483,000 after purchasing an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 71.71% 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.
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