Trade Desk (TTD) Set to Announce Earnings on Wednesday

Trade Desk (NASDAQ:TTD) is set to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Trade Desk to post earnings of $0.22 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. 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

Shares of NASDAQ:TTD opened at $88.59 on Monday. The business’s 50 day simple moving average is $83.69 and its 200-day simple moving average is $75.80. The firm has a market capitalization of $43.32 billion, a price-to-earnings ratio of 246.09, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. Trade Desk has a 12 month low of $60.23 and a 12 month high of $94.00.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total value of $8,438,157.00. Following the transaction, the director now directly owns 242,609 shares of the company’s stock, valued at $19,869,677.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at $12,515,756.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction on Friday, March 8th. The stock was sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the sale, the director now directly owns 242,609 shares in the company, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock valued at $53,970,398 over the last 90 days. Corporate insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTD. Susquehanna boosted their price target on Trade Desk from $75.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Piper Sandler upped their target price on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Truist Financial upped their target price on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Royal Bank of Canada upped their target price on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company upped their target price on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.38.

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.