Trade Desk Inc (TTD) Expected to Announce Quarterly Sales of $116.98 Million

Wall Street analysts expect Trade Desk Inc (NASDAQ:TTD) to post sales of $116.98 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Trade Desk’s earnings, with estimates ranging from $115.99 million to $118.80 million. Trade Desk reported sales of $85.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 36.5%. The business is scheduled to issue its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Trade Desk will report full year sales of $640.48 million for the current financial year, with estimates ranging from $637.20 million to $650.30 million. For the next fiscal year, analysts expect that the business will post sales of $822.87 million, with estimates ranging from $793.77 million to $856.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Trade Desk.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 21st. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.28. The company had revenue of $160.47 million during the quarter, compared to analysts’ expectations of $148.18 million. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a research note on Tuesday, January 22nd. ValuEngine raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. CIBC upped their price target on Trade Desk from $180.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. TheStreet raised Trade Desk from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Finally, Citigroup upped their price target on Trade Desk from $159.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $150.22.

NASDAQ:TTD traded up $1.10 during trading hours on Thursday, hitting $203.26. The company had a trading volume of 959,854 shares, compared to its average volume of 1,395,344. The stock has a market cap of $8.92 billion, a P/E ratio of 105.86, a PEG ratio of 6.74 and a beta of 2.99. Trade Desk has a 1 year low of $47.61 and a 1 year high of $214.70.

In related news, CFO Paul Ross sold 2,682 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $207.00, for a total transaction of $555,174.00. Following the transaction, the chief financial officer now owns 38,864 shares of the company’s stock, valued at approximately $8,044,848. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Falk sold 5,424 shares of the stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $133.01, for a total value of $721,446.24. Following the transaction, the director now directly owns 9,269 shares in the company, valued at approximately $1,232,869.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,274 shares of company stock worth $120,562,833. 17.44% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware acquired a new stake in Trade Desk in the 4th quarter valued at about $26,000. Financial Architects Inc raised its position in Trade Desk by 114.1% in the 4th quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after purchasing an additional 162 shares in the last quarter. Neuburgh Advisers LLC raised its position in Trade Desk by 77.8% in the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after purchasing an additional 154 shares in the last quarter. Private Capital Group LLC raised its position in Trade Desk by 139.3% in the 4th quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after purchasing an additional 287 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in Trade Desk by 77.8% in the 4th quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after purchasing an additional 238 shares in the last quarter. 71.77% of the stock is currently owned by institutional investors.

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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