Wall Street brokerages predict that Trade Desk Inc (NASDAQ:TTD) will post $0.45 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Trade Desk’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.40. Trade Desk posted earnings of $0.33 per share in the same quarter last year, which would suggest a positive year over year growth rate of 36.4%. The firm is expected to issue its next earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Trade Desk will report full-year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.43 to $1.57. For the next fiscal year, analysts anticipate that the business will post earnings of $1.79 per share, with EPS estimates ranging from $1.61 to $2.01. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Trade Desk.
Several equities research analysts recently issued reports on the stock. SunTrust Banks raised shares of Trade Desk from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.25 to $55.00 in a report on Monday, December 11th. Vetr lowered shares of Trade Desk from a “strong-buy” rating to a “buy” rating and set a $52.18 price objective for the company. in a report on Tuesday, January 23rd. BidaskClub lowered shares of Trade Desk from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Stifel Nicolaus initiated coverage on shares of Trade Desk in a report on Thursday, January 18th. They set a “buy” rating and a $62.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on shares of Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Trade Desk presently has a consensus rating of “Buy” and a consensus price target of $63.67.
In related news, COO Robert David Perdue sold 513 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total value of $25,650.00. Following the completion of the transaction, the chief operating officer now directly owns 133,956 shares of the company’s stock, valued at $6,697,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Terry Green sold 9,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $47.61, for a total transaction of $428,490.00. Following the completion of the transaction, the insider now directly owns 113,744 shares of the company’s stock, valued at $5,415,351.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,924 shares of company stock valued at $3,935,683. Insiders own 26.87% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in Trade Desk by 9.0% in the second quarter. Royal Bank of Canada now owns 8,676 shares of the technology company’s stock worth $435,000 after buying an additional 720 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after buying an additional 1,038 shares during the last quarter. Optimum Investment Advisors lifted its position in Trade Desk by 22.6% in the third quarter. Optimum Investment Advisors now owns 6,500 shares of the technology company’s stock worth $400,000 after buying an additional 1,200 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Trade Desk by 129.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after buying an additional 1,550 shares during the last quarter. Finally, Shaker Investments LLC OH lifted its position in Trade Desk by 3.1% in the fourth quarter. Shaker Investments LLC OH now owns 54,160 shares of the technology company’s stock worth $2,477,000 after buying an additional 1,640 shares during the last quarter. 67.80% of the stock is owned by hedge funds and other institutional investors.
About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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