Analysts Expect The Trade Desk Inc. (TTD) Will Announce Earnings of $0.15 Per Share
Equities analysts expect The Trade Desk Inc. (NASDAQ:TTD) to announce $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Trade Desk’s earnings. The company is scheduled to issue its next earnings results on Thursday, August 10th.
On average, analysts expect that The Trade Desk will report full-year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.93. For the next year, analysts anticipate that the firm will post earnings of $1.05 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover The Trade Desk.
The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 11th. The technology company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The firm had revenue of $53.40 million during the quarter, compared to analyst estimates of $43.30 million. The business’s revenue was up 75.7% on a year-over-year basis.
Several equities analysts have recently commented on TTD shares. Vetr upgraded shares of The Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, March 30th. Zacks Investment Research lowered shares of The Trade Desk from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Cantor Fitzgerald upgraded shares of The Trade Desk from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $56.00 in a research report on Friday, May 12th. Needham & Company LLC upped their price target on shares of The Trade Desk from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Finally, Royal Bank Of Canada upped their price target on shares of The Trade Desk from $45.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, May 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $52.67.
The Trade Desk (TTD) traded up 0.41% during mid-day trading on Monday, hitting $51.01. 616,892 shares of the stock traded hands. The Trade Desk has a 1-year low of $22.00 and a 1-year high of $57.57. The stock has a 50-day moving average of $51.94 and a 200 day moving average of $38.87. The firm has a market cap of $2.04 billion and a price-to-earnings ratio of 51.16.
In related news, major shareholder Harbor Master Investors Hadley sold 49,650 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $35.34, for a total value of $1,754,631.00. Following the completion of the transaction, the insider now owns 2,067,257 shares in the company, valued at approximately $73,056,862.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert David Perdue sold 12,500 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $49.55, for a total transaction of $619,375.00. Following the completion of the transaction, the chief operating officer now owns 80,836 shares of the company’s stock, valued at approximately $4,005,423.80. The disclosure for this sale can be found here. Insiders sold a total of 5,466,009 shares of company stock valued at $268,408,630 in the last quarter. 26.87% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. State Street Corp acquired a new stake in shares of The Trade Desk during the fourth quarter worth $1,581,000. Two Sigma Investments LP acquired a new stake in shares of The Trade Desk during the fourth quarter worth $1,076,000. Norges Bank acquired a new stake in shares of The Trade Desk during the fourth quarter worth $830,000. Teachers Advisors LLC acquired a new stake in shares of The Trade Desk during the fourth quarter worth $235,000. Finally, Capital Impact Advisors LLC acquired a new stake in shares of The Trade Desk during the first quarter worth $1,462,000. Hedge funds and other institutional investors own 52.45% of the company’s stock.
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About The Trade Desk
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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