Analysts forecast that Trade Desk Inc (NASDAQ:TTD) will post sales of $155.09 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Trade Desk’s earnings, with the lowest sales estimate coming in at $153.98 million and the highest estimate coming in at $157.40 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 company is expected to issue its next quarterly earnings results on Thursday, August 8th.
On average, analysts expect that Trade Desk will report full-year sales of $649.96 million for the current year, with estimates ranging from $645.05 million to $657.10 million. For the next fiscal year, analysts forecast that the business will post sales of $835.07 million, with estimates ranging from $814.80 million to $863.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Trade Desk.
Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. The firm had revenue of $121.00 million during 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%. The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share.
Several research firms have issued reports on TTD. Raymond James reaffirmed an “outperform” rating on shares of Trade Desk in a report on Thursday, May 9th. JMP Securities cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. BidaskClub cut Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 14th. Nomura upped their price target on Trade Desk from $114.00 to $144.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Finally, Jefferies Financial Group upped their price target on Trade Desk from $150.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $177.83.
In other Trade Desk news, insider Susan Vobejda sold 5,250 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $198.00, for a total transaction of $1,039,500.00. Following the sale, the insider now directly owns 41,568 shares of the company’s stock, valued at approximately $8,230,464. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey Terry Green sold 426,430 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $195.36, for a total transaction of $83,307,364.80. Following the sale, the insider now directly owns 153,152 shares in the company, valued at $29,919,774.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 647,946 shares of company stock worth $128,029,084. Company insiders own 17.44% of the company’s stock.
Large investors have recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware acquired a new stake in Trade Desk during the 4th quarter valued at $26,000. Financial Architects Inc raised its stake in Trade Desk by 114.1% during the 4th quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares during the period. Neuburgh Advisers LLC raised its stake in Trade Desk by 77.8% during 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 during the period. Private Capital Group LLC raised its stake in Trade Desk by 139.3% during the 4th quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after purchasing an additional 287 shares during the period. Finally, Financial Gravity Wealth Inc. acquired a new stake in Trade Desk during the 1st quarter valued at $62,000. 65.82% of the stock is currently owned by institutional investors.
TTD opened at $195.90 on Friday. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 102.03, a PEG ratio of 5.45 and a beta of 2.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.62. Trade Desk has a 1-year low of $80.09 and a 1-year high of $232.70.
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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