Equities analysts predict that Trade Desk Inc (NASDAQ:TTD) will report $155.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Trade Desk’s earnings. The highest sales estimate is $157.40 million and the lowest is $153.98 million. Trade Desk reported sales of $112.33 million during the same quarter last year, which would suggest a positive year over year growth rate of 38.1%. The business is scheduled to report its next quarterly earnings report on Thursday, August 8th.
On average, analysts expect that Trade Desk will report full year sales of $649.96 million for the current fiscal year, with estimates ranging from $645.05 million to $657.10 million. For the next fiscal year, analysts anticipate that the firm will post sales of $835.07 million, with estimates ranging from $814.80 million to $863.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow 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 company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $117.13 million. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. Trade Desk’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS.
TTD has been the topic of a number of analyst reports. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Saturday. Nomura reiterated a “reduce” rating and issued a $144.00 price target on shares of Trade Desk in a report on Wednesday, June 12th. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. DA Davidson set a $40.00 price target on Wolverine World Wide and gave the company a “buy” rating in a report on Friday, May 10th. Finally, TheStreet downgraded Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $191.65.
In other news, Director Thomas Falk sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $250.00, for a total value of $6,250,000.00. Following the completion of the transaction, the director now owns 10,640 shares of the company’s stock, valued at approximately $2,660,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian John Stempeck sold 21,532 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $200.09, for a total value of $4,308,337.88. Following the completion of the transaction, the insider now directly owns 42,934 shares of the company’s stock, valued at approximately $8,590,664.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,872 shares of company stock valued at $35,600,226. 17.44% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of TTD. Valeo Financial Advisors LLC increased its stake in shares of Trade Desk by 59.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after purchasing an additional 59 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Trade Desk in the 1st quarter valued at about $40,000. Neuburgh Advisers LLC increased its stake in shares of Trade Desk by 77.8% in the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after purchasing an additional 154 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of Trade Desk in the 1st quarter valued at about $62,000. Finally, Flinton Capital Management LLC increased its stake in shares of Trade Desk by 77.8% in the 4th quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after purchasing an additional 238 shares in the last quarter. 67.39% of the stock is owned by institutional investors and hedge funds.
TTD opened at $244.05 on Thursday. The business’s fifty day moving average price is $229.90. The stock has a market cap of $10.87 billion, a P/E ratio of 127.11, a P/E/G ratio of 6.68 and a beta of 2.72. Trade Desk has a 52 week low of $83.66 and a 52 week high of $257.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.62.
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 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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