Trade Desk (TTD) Announces Quarterly Earnings Results

Mae Love
August 12, 2018

The company has its outstanding shares of 42.11 Million. The volume of the company in the last trading session was 2.78 Million. Institutional investors and hedge funds own 73.93% of the company's stock.

More notable recent The Trade Desk, Inc. Millennium Management LLC bought a new stake in Trade Desk during the fourth quarter worth $773,000.

The Trade Desk, Inc.

When we look at the Analyst Recommendations of the stock, the company has 1.9 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

In related news, insider Jeffrey Terry Green sold 9,000 shares of the company's stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $86.10, for a total transaction of $774,900.00. Following the completion of the sale, the chief financial officer now directly owns 79,350 shares in the company, valued at approximately $5,976,642. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. This target by Nomura gives the possibile downside of -21.05 % from the last stock price. Over a month, it has seen its stock price volatility to stay at 3.61% while shortening the period to a week, volatility was 4.31%. The disclosure for this sale can be found here. Company insiders own 26.87% of the company's stock.

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TTD has been the subject of several other reports. Trade Desk has a consensus rating of "Buy" and a consensus target price of $95.11. Zacks Investment Research raised Trade Desk from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 25th. Shares have spiked after the company beat expectations across the board while boosting guidance. They issued a "neutral" rating and a $87.00 target price for the company. Finally, SunTrust Banks reissued a "buy" rating and issued a $75.00 price objective on shares of Trade Desk in a research note on Monday, May 14th. Finally, Piper Jaffray Companies reiterated an "overweight" rating and issued a $80.00 price objective on shares of Trade Desk in a research report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock.

Looking at the Analyst Recommendations of the stock, 4 Analysts issued a Buy for MoSys, 6 gave Outperform, 2 analysts gave Hold Rating, 0 issued Underperform and 1 marked the stock as Sell. CIBC began coverage on Trade Desk in a research report on Thursday, May 10th. Trade Desk Inc has a 12 month low of $40.70 and a 12 month high of $130.84. That compares with the recent volume average of 2.55 million.

The Trade Desk, a publicly traded company that has emerged as the go-to programmatic solution for many big agencies and clients in recent years, reported strong second-quarter earnings based on increased spending from both new and existing clients, as well as global expansion.

Zayo Group Holdings, Inc.'s Average Earnings Estimate for the current quarter is $0.1, according to consensus of 13 analysts. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%.

For the quarter, Trade Desk reported revenue of $112.3 million and adjusted earnings of 60 cents a share. The company's revenue for the quarter was up 54.3% on a year-over-year basis. research analysts expect that Trade Desk Inc will post 1.41 EPS for the current year. Trade Desk also impressed on the revenue front as its sales reached $112.3 million, well ahead of the $72.8 million that it raked in during the second quarter of fiscal 2017. The Company's platform allows clients to manage integrated advertising campaigns across various advertising formats, including display, video, audio, native, and social, as well as on various devices, such as computers, mobile devices, and connected television.

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