Trade Desk (TTD) Scheduled to Post Earnings on Thursday

Trade Desk (NASDAQ:TTD) is set to announce its earnings results after the market closes on Thursday, November 9th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $464.25 million during the quarter, compared to analyst estimates of $455.21 million. Trade Desk had a net margin of 7.46% and a return on equity of 6.43%. On average, analysts expect Trade Desk to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Trade Desk Stock Down 0.3 %

Shares of TTD opened at $70.76 on Thursday. The firm has a market cap of $34.69 billion, a PE ratio of 272.16, a price-to-earnings-growth ratio of 5.92 and a beta of 1.71. The company’s fifty day moving average is $78.41 and its two-hundred day moving average is $75.59. Trade Desk has a fifty-two week low of $39.43 and a fifty-two week high of $91.85.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TTD shares. Susquehanna lifted their price target on shares of Trade Desk from $90.00 to $105.00 and gave the company a “positive” rating in a report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $91.00 target price on shares of Trade Desk in a report on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, August 10th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of Trade Desk in a report on Thursday, August 10th. Finally, Morgan Stanley lifted their target price on shares of Trade Desk from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.36.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 2,999 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $78.82, for a total value of $236,381.18. Following the completion of the sale, the director now owns 45,309 shares of the company’s stock, valued at approximately $3,571,255.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jay R. Grant sold 1,427 shares of Trade Desk stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.03, for a total value of $107,067.81. Following the completion of the transaction, the insider now directly owns 154,636 shares of the company’s stock, valued at approximately $11,602,339.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 2,999 shares of Trade Desk stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $78.82, for a total transaction of $236,381.18. Following the completion of the transaction, the director now directly owns 45,309 shares of the company’s stock, valued at $3,571,255.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,397 shares of company stock valued at $27,833,759. Insiders own 10.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Resources Management Corp CT ADV boosted its holdings in shares of Trade Desk by 349.5% in the 2nd quarter. Resources Management Corp CT ADV now owns 2,360 shares of the technology company’s stock valued at $182,000 after buying an additional 1,835 shares during the period. Ossiam boosted its holdings in shares of Trade Desk by 12.4% in the 1st quarter. Ossiam now owns 2,977 shares of the technology company’s stock valued at $181,000 after buying an additional 328 shares during the period. Capital Impact Advisors LLC boosted its holdings in shares of Trade Desk by 7.2% in the 4th quarter. Capital Impact Advisors LLC now owns 4,024 shares of the technology company’s stock valued at $180,000 after buying an additional 269 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Trade Desk in the 1st quarter valued at about $137,000. Finally, Harbour Investments Inc. boosted its stake in Trade Desk by 6.4% during the 4th quarter. Harbour Investments Inc. now owns 2,704 shares of the technology company’s stock valued at $121,000 after purchasing an additional 163 shares during the period. 68.23% of the stock is owned by institutional investors and hedge funds.

About Trade Desk

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 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.