Trade Desk (TTD) to Release Quarterly Earnings on Wednesday

Trade Desk (NASDAQ:TTD) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $759.56 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Trade Desk Stock Up 4.5 %

Shares of Trade Desk stock opened at $122.54 on Tuesday. The business has a 50-day moving average price of $123.92 and a 200 day moving average price of $115.30. Trade Desk has a fifty-two week low of $70.71 and a fifty-two week high of $141.53. The firm has a market cap of $60.48 billion, a P/E ratio of 200.89, a P/E/G ratio of 3.63 and a beta of 1.45.

Wall Street Analyst Weigh In

TTD has been the topic of several research reports. Wolfe Research upped their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Scotiabank assumed coverage on shares of Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price on the stock. Loop Capital raised their price target on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer boosted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, DA Davidson raised their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.20.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is owned by corporate 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.