Trade Desk (TTD) Set to Announce Quarterly Earnings on Thursday

Trade Desk (NASDAQ:TTD) will issue its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. 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 Price Performance

TTD stock opened at $84.79 on Wednesday. Trade Desk has a 1 year low of $60.23 and a 1 year high of $102.67. The firm has a market capitalization of $41.47 billion, a P/E ratio of 211.98, a P/E/G ratio of 4.26 and a beta of 1.48. The business’s 50-day moving average is $95.53 and its two-hundred day moving average is $87.08.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Morgan Stanley increased their price objective on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Loop Capital boosted their target price on Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a research note on Thursday, July 25th. Finally, BMO Capital Markets restated an “outperform” rating and set a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.17.

Insider Transactions at Trade Desk

In related news, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares in the company, valued at $67,055,764.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the transaction, the insider now directly owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The disclosure for this sale can be found here. Insiders have sold a total of 213,909 shares of company stock worth $20,827,601 over the last ninety days. 10.18% of the stock is currently owned by company insiders.

About Trade Desk

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.