The Trade Desk Inc. (TTD) Expected to Post Earnings of $0.15 Per Share

Wall Street analysts forecast that The Trade Desk Inc. (NASDAQ:TTD) will report earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for The Trade Desk’s earnings. The firm is scheduled to report its next earnings results on Thursday, August 10th.

According to Zacks, analysts expect that The Trade Desk will report full year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.88 to $0.93. For the next fiscal year, analysts anticipate that the company will report earnings of $1.05 per share. Zacks’ EPS averages are an average based on a survey of research analysts that follow The Trade Desk.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 11th. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.17. The company had revenue of $53.40 million during the quarter, compared to the consensus estimate of $43.30 million. The firm’s revenue was up 75.7% on a year-over-year basis.

TTD has been the subject of a number of analyst reports. Vetr upgraded The Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Thursday, March 30th. Zacks Investment Research downgraded The Trade Desk from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Cantor Fitzgerald upgraded The Trade Desk from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $56.00 in a research report on Friday, May 12th. Needham & Company LLC raised their price objective on 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 raised their price objective on The Trade Desk from $45.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, May 12th. Nine analysts have rated the stock with a buy rating, The Trade Desk presently has an average rating of “Buy” and a consensus target price of $52.67.

In other The Trade Desk news, insider David Randall Pickles sold 75,000 shares of The Trade Desk stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $35.47, for a total value of $2,660,250.00. Following the completion of the sale, the insider now directly owns 179,479 shares in the company, valued at $6,366,120.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Harbor Master Investors Hadley sold 90,000 shares of The Trade Desk stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $37.45, for a total value of $3,370,500.00. Following the completion of the sale, the insider now owns 2,184,207 shares of the company’s stock, valued at $81,798,552.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,556,009 shares of company stock valued at $271,779,130.

A number of large investors have recently modified their holdings of TTD. Wells Fargo & Company MN increased its stake in shares of The Trade Desk by 21.5% in the first quarter. Wells Fargo & Company MN now owns 45,036 shares of the technology company’s stock worth $1,677,000 after buying an additional 7,972 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of The Trade Desk during the first quarter worth approximately $24,823,000. Whittier Trust Co. purchased a new stake in shares of The Trade Desk during the first quarter worth approximately $103,000. Braun Stacey Associates Inc. purchased a new stake in shares of The Trade Desk during the first quarter worth approximately $12,127,000. Finally, Strs Ohio boosted its stake in shares of The Trade Desk by 100.0% in the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock worth $126,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 52.45% of the company’s stock.

Shares of The Trade Desk (NASDAQ TTD) opened at 49.90 on Monday. The stock has a 50 day moving average price of $51.94 and a 200-day moving average price of $38.87. The Trade Desk has a 52 week low of $22.00 and a 52 week high of $57.57. The company has a market capitalization of $1.99 billion and a PE ratio of 50.05.

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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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