Brokerages predict that The Trade Desk, Inc. (NASDAQ:TTD) will announce sales of $261.58 million for the current quarter, Zacks reports. Six analysts have provided estimates for The Trade Desk’s earnings, with the lowest sales estimate coming in at $260.50 million and the highest estimate coming in at $262.20 million. The Trade Desk reported sales of $139.36 million during the same quarter last year, which indicates a positive year over year growth rate of 87.7%. The firm is expected to issue its next earnings results on Thursday, August 5th.
According to Zacks, analysts expect that The Trade Desk will report full year sales of $1.14 billion for the current financial year, with estimates ranging from $1.13 billion to $1.15 billion. For the next year, analysts forecast that the firm will post sales of $1.47 billion, with estimates ranging from $1.41 billion to $1.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for The Trade Desk.
The Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Monday, May 10th. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.11. The firm had revenue of $219.80 million for the quarter, compared to the consensus estimate of $217.28 million. The Trade Desk had a net margin of 26.91% and a return on equity of 25.57%. The firm’s revenue was up 36.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share.
In related news, CMO Susan Vobejda sold 14,539 shares of the stock in a transaction dated Friday, June 4th. The shares were sold at an average price of $577.50, for a total value of $8,396,272.50. Following the completion of the transaction, the chief marketing officer now owns 29,001 shares in the company, valued at approximately $16,748,077.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Blake Jeffrey Grayson sold 20,000 shares of the stock in a transaction dated Thursday, June 24th. The shares were sold at an average price of $67.50, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer now owns 232,520 shares of the company’s stock, valued at approximately $15,695,100. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,000 shares of company stock worth $14,930,981. Corporate insiders own 10.72% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new position in shares of The Trade Desk during the 1st quarter valued at about $32,000. Bedel Financial Consulting Inc. boosted its position in shares of The Trade Desk by 61.8% during the 1st quarter. Bedel Financial Consulting Inc. now owns 55 shares of the technology company’s stock valued at $36,000 after purchasing an additional 21 shares in the last quarter. WASHINGTON TRUST Co bought a new position in shares of The Trade Desk during the 1st quarter valued at about $36,000. Avion Wealth boosted its position in shares of The Trade Desk by 480.0% during the 1st quarter. Avion Wealth now owns 58 shares of the technology company’s stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of The Trade Desk by 90.3% during the 1st quarter. Clearstead Advisors LLC now owns 59 shares of the technology company’s stock valued at $38,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 6.11% of the company’s stock.
TTD traded down $1.03 during midday trading on Monday, reaching $73.12. 69,492 shares of the company’s stock were exchanged, compared to its average volume of 6,771,756. The firm has a market cap of $34.79 billion, a PE ratio of 153.36, a PEG ratio of 13.71 and a beta of 2.51. The company’s 50-day moving average price is $75.52. The Trade Desk has a 1-year low of $40.40 and a 1-year high of $97.28.
The Trade Desk Company Profile
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns in various ad formats and channels, including display, video, audio, in-app, native and social, and on various devices, such as computers, mobile devices, and connected TV.
Featured Story: Fibonacci Channel
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.