Brokerages predict that Trade Desk Inc (NASDAQ:TTD) will report $0.49 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Trade Desk’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.43. Trade Desk reported earnings per share of $0.35 in the same quarter last year, which would suggest a positive year-over-year growth rate of 40%. The firm is scheduled to announce its next earnings report on Thursday, November 8th.

On average, analysts expect that Trade Desk will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $1.99 to $2.25. For the next year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.30 to $3.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Trade Desk.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The firm had revenue of $112.30 million for the quarter, compared to the consensus estimate of $103.87 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s revenue was up 54.3% on a year-over-year basis.

A number of brokerages recently weighed in on TTD. Pivotal Research began coverage on shares of Trade Desk in a research report on Monday, July 9th. They set a “sell” rating and a $58.00 target price for the company. Zacks Investment Research downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Stifel Nicolaus raised their price target on shares of Trade Desk from $75.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 14th. Finally, Nomura began coverage on shares of Trade Desk in a research report on Tuesday, July 10th. They set a “neutral” rating and a $87.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $102.89.

In other news, insider Brian John Stempeck sold 20,332 shares of the firm’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $94.87, for a total value of $1,928,896.84. Following the completion of the transaction, the insider now owns 65,352 shares in the company, valued at $6,199,944.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Robert David Perdue sold 5,485 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $144.39, for a total value of $791,979.15. Following the completion of the transaction, the chief operating officer now owns 137,578 shares of the company’s stock, valued at approximately $19,864,887.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 365,636 shares of company stock valued at $37,046,991. Corporate insiders own 23.54% of the company’s stock.

Large investors have recently modified their holdings of the business. Creative Planning acquired a new position in shares of Trade Desk in the 2nd quarter valued at about $294,000. LPL Financial LLC increased its holdings in Trade Desk by 106.8% during the 1st quarter. LPL Financial LLC now owns 12,410 shares of the technology company’s stock worth $616,000 after purchasing an additional 6,410 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Trade Desk by 45.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 34,143 shares of the technology company’s stock worth $3,203,000 after purchasing an additional 10,602 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Trade Desk by 73.4% during the 2nd quarter. GSA Capital Partners LLP now owns 11,999 shares of the technology company’s stock worth $1,126,000 after purchasing an additional 5,079 shares during the last quarter. Finally, Curbstone Financial Management Corp purchased a new stake in Trade Desk during the 2nd quarter worth approximately $492,000. 71.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ TTD traded down $1.89 during midday trading on Wednesday, reaching $139.97. The stock had a trading volume of 34,356 shares, compared to its average volume of 743,727. The stock has a market cap of $6.09 billion, a PE ratio of 118.32, a price-to-earnings-growth ratio of 3.96 and a beta of 2.94. Trade Desk has a 12-month low of $40.70 and a 12-month high of $151.76.

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 connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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