$164.26 Million in Sales Expected for Trade Desk Inc (NASDAQ:TTD) This Quarter

Equities research analysts predict that Trade Desk Inc (NASDAQ:TTD) will post sales of $164.26 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Trade Desk’s earnings, with estimates ranging from $163.03 million to $165.80 million. Trade Desk posted sales of $118.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Trade Desk will report full year sales of $655.61 million for the current year, with estimates ranging from $648.72 million to $661.11 million. For the next year, analysts anticipate that the business will post sales of $844.54 million, with estimates ranging from $818.11 million to $865.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Trade Desk.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.51. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $155.26 million. Trade Desk had a net margin of 17.44% and a return on equity of 23.63%. The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS.

Several research analysts have weighed in on TTD shares. Royal Bank of Canada upped their price objective on shares of Trade Desk to $250.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. BidaskClub lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Zacks Investment Research lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Pivotal Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Trade Desk in a research note on Thursday, August 8th. Finally, Citigroup lowered shares of Trade Desk from a “buy” rating to a “neutral” rating and upped their price objective for the company from $205.00 to $250.00 in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Trade Desk has a consensus rating of “Hold” and a consensus price target of $225.67.

In other news, CEO Jeffrey Terry Green sold 10,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $233.50, for a total transaction of $2,335,000.00. Following the transaction, the chief executive officer now owns 103,392 shares in the company, valued at approximately $24,142,032. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Vobejda sold 875 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $236.00, for a total transaction of $206,500.00. Following the sale, the insider now directly owns 37,704 shares of the company’s stock, valued at $8,898,144. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 484,452 shares of company stock worth $124,059,971. 17.44% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. boosted its holdings in shares of Trade Desk by 1.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,249 shares of the technology company’s stock worth $512,000 after buying an additional 37 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Trade Desk by 59.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after purchasing an additional 59 shares during the period. WINTON GROUP Ltd boosted its holdings in Trade Desk by 3.3% in the 2nd quarter. WINTON GROUP Ltd now owns 2,201 shares of the technology company’s stock valued at $501,000 after purchasing an additional 71 shares during the period. Cetera Investment Advisers boosted its holdings in Trade Desk by 9.3% in the 2nd quarter. Cetera Investment Advisers now owns 1,183 shares of the technology company’s stock valued at $271,000 after purchasing an additional 101 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its holdings in Trade Desk by 3.7% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 3,212 shares of the technology company’s stock valued at $732,000 after purchasing an additional 114 shares during the period. 65.59% of the stock is owned by institutional investors and hedge funds.

Trade Desk stock traded down $3.33 during trading hours on Wednesday, hitting $207.05. The company had a trading volume of 1,597,052 shares, compared to its average volume of 1,266,129. The firm has a market capitalization of $9.36 billion, a P/E ratio of 107.84, a price-to-earnings-growth ratio of 4.09 and a beta of 2.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.62. The firm’s fifty day moving average is $242.40 and its 200-day moving average is $223.90. Trade Desk has a fifty-two week low of $102.35 and a fifty-two week high of $289.51.

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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