Brokerages expect that Trade Desk Inc (NASDAQ:TTD) will post $155.09 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Trade Desk’s earnings, with estimates ranging from $153.98 million to $157.40 million. Trade Desk posted sales of $112.33 million in the same quarter last year, which suggests a positive year over year growth rate of 38.1%. The company is expected to issue its next earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Trade Desk will report full-year sales of $649.96 million for the current financial year, with estimates ranging from $645.05 million to $657.10 million. For the next financial year, analysts expect that the company will post sales of $835.07 million, with estimates ranging from $814.80 million to $863.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Trade Desk.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.07 by $0.42. The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $117.13 million. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. The business’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS.
A number of brokerages have recently weighed in on TTD. Nomura reiterated a “reduce” rating and set a $144.00 target price on shares of Trade Desk in a research note on Wednesday, June 12th. Royal Bank of Canada lowered Roku from an “outperform” rating to a “sector perform” rating and set a $90.00 price objective for the company. in a research report on Monday, July 1st. They noted that the move was a valuation call. JMP Securities reaffirmed an “outperform” rating and issued a $1,375.00 target price (up from $1,300.00) on shares of Alphabet in a research report on Tuesday, April 30th. TheStreet downgraded Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th. Finally, Citigroup upgraded China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $191.65.
NASDAQ TTD traded down $4.62 on Thursday, reaching $243.54. The company had a trading volume of 675,257 shares, compared to its average volume of 1,500,003. The company has a 50 day moving average of $232.89. The company has a market capitalization of $11.05 billion, a PE ratio of 126.84, a price-to-earnings-growth ratio of 6.68 and a beta of 2.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62. Trade Desk has a 52 week low of $83.66 and a 52 week high of $257.99.
In other Trade Desk news, insider Vivian Yang sold 7,195 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $235.19, for a total transaction of $1,692,192.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Vobejda sold 365 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $242.00, for a total transaction of $88,330.00. Following the sale, the insider now directly owns 37,194 shares in the company, valued at approximately $9,000,948. The disclosure for this sale can be found here. Insiders sold a total of 105,340 shares of company stock worth $24,259,288 in the last ninety days. 17.44% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc increased its holdings in shares of Trade Desk by 349.3% in the second quarter. NEXT Financial Group Inc now owns 337 shares of the technology company’s stock worth $77,000 after purchasing an additional 262 shares during the period. Glaxis Capital Management LLC bought a new position in shares of Trade Desk in the second quarter worth $911,000. Forte Capital LLC ADV increased its holdings in shares of Trade Desk by 7.0% in the second quarter. Forte Capital LLC ADV now owns 22,615 shares of the technology company’s stock worth $5,151,000 after purchasing an additional 1,486 shares during the period. Truvestments Capital LLC bought a new position in shares of Trade Desk in the second quarter worth $34,000. Finally, Valeo Financial Advisors LLC increased its holdings in shares of Trade Desk by 59.0% in the second quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock worth $36,000 after purchasing an additional 59 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.
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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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