The Trade Desk Inc. (TTD) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS
The Trade Desk Inc. (NASDAQ:TTD) announced its quarterly earnings results on Thursday. The technology company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.15, Bloomberg Earnings reports. The company had revenue of $79.40 million during the quarter, compared to the consensus estimate of $76.84 million. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The firm’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share.
Shares of The Trade Desk (NASDAQ:TTD) traded down $8.29 during mid-day trading on Friday, reaching $51.00. 9,829,557 shares of the company’s stock traded hands, compared to its average volume of 909,382. The stock has a market cap of $2,030.00 and a PE ratio of 58.71. The Trade Desk has a 1-year low of $24.02 and a 1-year high of $67.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 1.65.
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A number of equities research analysts have commented on TTD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 target price (up previously from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 target price on shares of The Trade Desk in a research report on Friday. Vetr raised shares of The Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.76 target price for the company in a research report on Thursday. Royal Bank Of Canada lifted their target price on shares of The Trade Desk from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, BidaskClub downgraded shares of The Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $67.07.
In other The Trade Desk news, insider David Randall Pickles sold 75,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $49.91, for a total value of $3,743,250.00. Following the sale, the insider now owns 127,736 shares in the company, valued at approximately $6,375,303.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $64.18, for a total transaction of $641,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,894 shares of company stock worth $13,764,597. Corporate insiders own 26.87% of the company’s stock.
The 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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