Trade Desk Inc (TTD) Expected to Announce Quarterly Sales of $68.89 Million
Equities analysts expect that Trade Desk Inc (NASDAQ:TTD) will announce $68.89 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Trade Desk’s earnings. The highest sales estimate is $70.77 million and the lowest is $67 million. The company is expected to announce its next quarterly earnings results on Thursday, August 10th.
On average, analysts expect that Trade Desk will report full-year sales of $68.89 million for the current financial year, with estimates ranging from $291.4 million to $300.49 million. For the next year, analysts anticipate that the business will post sales of $351.6 million per share, with estimates ranging from $336 million to $367.2 million. Zacks’ sales averages are an average based on a survey of analysts that follow Trade Desk.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The company had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $43.30 million. The business’s revenue for the quarter was up 75.7% on a year-over-year basis.
TTD has been the topic of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and set a $41.00 price objective on shares of Trade Desk in a research note on Tuesday, February 21st. Cantor Fitzgerald cut Trade Desk from an “overweight” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research note on Thursday, March 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, February 25th. Finally, Vetr upgraded Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Thursday, March 30th. Nine analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $51.56.
In other Trade Desk news, Director Kathryn E. Falberg purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were acquired at an average price of $43.38 per share, for a total transaction of $867,600.00. Following the completion of the purchase, the director now owns 40,000 shares in the company, valued at approximately $1,735,200. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul Ross sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $52.61, for a total value of $526,100.00. Following the completion of the transaction, the chief financial officer now owns 53,788 shares in the company, valued at approximately $2,829,786.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,049,629 shares of company stock worth $217,136,532.
A number of hedge funds have recently made changes to their positions in TTD. Whittier Trust Co. purchased a new stake in shares of Trade Desk during the first quarter valued at $103,000. Nationwide Fund Advisors raised its stake in shares of Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after buying an additional 1,824 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Trade Desk during the first quarter valued at $126,000. Strs Ohio raised its stake in shares of Trade Desk by 100.0% in the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock valued at $126,000 after buying an additional 1,700 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Trade Desk during the fourth quarter valued at $113,000. 53.22% of the stock is owned by hedge funds and other institutional investors.
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Shares of Trade Desk (NASDAQ:TTD) traded down 2.55% during midday trading on Friday, reaching $50.07. The company’s stock had a trading volume of 1,522,317 shares. Trade Desk has a 52 week low of $22.00 and a 52 week high of $54.50. The firm’s 50 day moving average is $39.90 and its 200 day moving average is $33.51. The firm has a market capitalization of $2.00 billion and a price-to-earnings ratio of 50.22.
Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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