$116.66 Million in Sales Expected for Trade Desk Inc (TTD) This Quarter

Equities analysts predict that Trade Desk Inc (NASDAQ:TTD) will announce sales of $116.66 million for the current quarter, Zacks reports. Six analysts have issued estimates for Trade Desk’s earnings, with estimates ranging from $115.94 million to $117.50 million. Trade Desk reported sales of $79.41 million during the same quarter last year, which indicates a positive year over year growth rate of 46.9%. The company is scheduled to report its next earnings results on Thursday, November 8th.

On average, analysts expect that Trade Desk will report full year sales of $456.79 million for the current financial year, with estimates ranging from $456.03 million to $458.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $595.72 million per share, with estimates ranging from $574.40 million to $615.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Trade Desk.

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

A number of research analysts recently issued reports on TTD shares. Zacks Investment Research raised shares of Trade Desk from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Friday, August 24th. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 14th. SunTrust Banks lifted their price target on shares of Trade Desk to $120.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Macquarie raised shares of Trade Desk to a “buy” rating and lifted their price target for the company from $95.00 to $130.00 in a research report on Friday, August 10th. Finally, Pivotal Research started coverage on shares of Trade Desk in a research report on Monday, July 9th. They set a “sell” rating and a $58.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $102.89.

In other Trade Desk news, insider David Randall Pickles sold 50,000 shares of Trade Desk stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $94.05, for a total value of $4,702,500.00. Following the completion of the transaction, the insider now directly owns 96,237 shares of the company’s stock, valued at $9,051,089.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert David Perdue sold 20,000 shares of Trade Desk stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $86.55, for a total transaction of $1,731,000.00. Following the completion of the transaction, the chief operating officer now directly owns 152,093 shares of the company’s stock, valued at $13,163,649.15. The disclosure for this sale can be found here. Insiders sold 365,636 shares of company stock valued at $37,046,991 over the last ninety days. Corporate insiders own 23.54% of the company’s stock.

A number of institutional investors have recently modified their holdings of TTD. FMR LLC grew its stake in shares of Trade Desk by 106.3% in the second quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock worth $160,908,000 after acquiring an additional 883,811 shares during the period. BlackRock Inc. grew its stake in shares of Trade Desk by 39.5% in the second quarter. BlackRock Inc. now owns 1,992,379 shares of the technology company’s stock worth $186,884,000 after acquiring an additional 564,170 shares during the period. Jennison Associates LLC bought a new stake in shares of Trade Desk in the second quarter worth approximately $37,534,000. Summit Trail Advisors LLC grew its stake in shares of Trade Desk by 7,946.3% in the first quarter. Summit Trail Advisors LLC now owns 404,647 shares of the technology company’s stock worth $405,000 after acquiring an additional 399,618 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Trade Desk by 93.1% in the second quarter. Renaissance Technologies LLC now owns 552,105 shares of the technology company’s stock worth $51,787,000 after acquiring an additional 266,205 shares during the period. 71.71% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:TTD traded down $1.89 on Friday, hitting $139.97. The company had a trading volume of 34,356 shares, compared to its average volume of 743,727. Trade Desk has a 1 year low of $40.70 and a 1 year high of $151.76. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 118.32, a P/E/G ratio of 3.96 and a beta of 2.94.

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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