Q3 2022 Earnings Estimate for The Trade Desk, Inc. (NASDAQ:TTD) Issued By Jefferies Financial Group

The Trade Desk, Inc. (NASDAQ:TTDGet Rating) – Stock analysts at Jefferies Financial Group cut their Q3 2022 EPS estimates for Trade Desk in a research note issued to investors on Monday, May 9th. Jefferies Financial Group analyst B. Thill now forecasts that the technology company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.06. Jefferies Financial Group also issued estimates for Trade Desk’s FY2023 earnings at $0.49 EPS.

Several other brokerages also recently weighed in on TTD. Susquehanna Bancshares upped their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “positive” rating in a research note on Thursday, February 17th. Susquehanna upped their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “positive” rating in a research report on Thursday, February 17th. Royal Bank of Canada dropped their target price on Trade Desk from $105.00 to $85.00 in a research report on Monday. Oppenheimer lowered their price objective on Trade Desk from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, February 17th. Finally, Zacks Investment Research downgraded Trade Desk from a “hold” rating to a “sell” rating in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Buy” and a consensus price target of $97.61.

NASDAQ TTD opened at $43.75 on Wednesday. Trade Desk has a fifty-two week low of $39.39 and a fifty-two week high of $114.09. The business has a 50 day moving average price of $64.08 and a two-hundred day moving average price of $77.41. The stock has a market cap of $21.21 billion, a PE ratio of 153.51, a P/E/G ratio of 11.17 and a beta of 2.15.

Trade Desk (NASDAQ:TTDGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.25. The company had revenue of $315.32 million for the quarter, compared to analysts’ expectations of $304.28 million. Trade Desk had a return on equity of 10.77% and a net margin of 11.51%. The firm’s quarterly revenue was up 43.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share.

In other news, Director Eric B. Paley sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $83.16, for a total transaction of $623,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Blake Jeffrey Grayson sold 9,633 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $74.05, for a total value of $713,323.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,217 shares of company stock valued at $1,778,114. 10.79% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of TTD. Baillie Gifford & Co. lifted its holdings in Trade Desk by 2.4% in the fourth quarter. Baillie Gifford & Co. now owns 53,353,398 shares of the technology company’s stock worth $4,889,305,000 after purchasing an additional 1,269,992 shares during the period. Morgan Stanley boosted its holdings in shares of Trade Desk by 21.6% in the third quarter. Morgan Stanley now owns 25,373,248 shares of the technology company’s stock valued at $1,783,739,000 after acquiring an additional 4,509,355 shares in the last quarter. BlackRock Inc. increased its stake in shares of Trade Desk by 0.8% during the fourth quarter. BlackRock Inc. now owns 22,577,414 shares of the technology company’s stock valued at $2,068,993,000 after acquiring an additional 177,509 shares during the period. State Street Corp lifted its position in Trade Desk by 1.0% in the fourth quarter. State Street Corp now owns 9,307,703 shares of the technology company’s stock worth $852,958,000 after purchasing an additional 94,266 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Trade Desk by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 5,579,548 shares of the technology company’s stock valued at $510,603,000 after purchasing an additional 252,914 shares in the last quarter. 63.40% of the stock is currently owned by institutional investors.

About Trade Desk (Get Rating)

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 across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.

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