Trade Desk (TTD) to Release Earnings on Wednesday

Trade Desk (NASDAQ:TTD) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The firm had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. On average, analysts expect Trade Desk to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Trade Desk Stock Performance

Shares of TTD stock opened at $91.36 on Tuesday. Trade Desk has a 1 year low of $60.23 and a 1 year high of $94.00. The business’s fifty day moving average is $83.87 and its 200-day moving average is $75.91. The stock has a market cap of $44.67 billion, a PE ratio of 253.78, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 642,170 shares of company stock valued at $53,970,398. 10.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Susquehanna boosted their price target on shares of Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Wells Fargo & Company raised their target price on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. KeyCorp upped their price target on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Oppenheimer raised their price objective on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Truist Financial lifted their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.