The Trade Desk, Inc. (NASDAQ:TTD) to Post Q3 2022 Earnings of $0.07 Per Share, Jefferies Financial Group Forecasts

The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) – Equities researchers at Jefferies Financial Group dropped their Q3 2022 earnings estimates for Trade Desk in a research note issued on Thursday, August 4th. Jefferies Financial Group analyst B. Thill now expects that the technology company will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.08. The consensus estimate for Trade Desk’s current full-year earnings is $0.28 per share.

TTD has been the subject of several other reports. KeyCorp decreased their price target on shares of Trade Desk from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, August 1st. Susquehanna decreased their price objective on shares of Trade Desk from $125.00 to $95.00 in a report on Wednesday, May 11th. DA Davidson cut their target price on shares of Trade Desk from $105.00 to $65.00 in a research report on Thursday, May 12th. Evercore ISI dropped their target price on shares of Trade Desk from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, July 7th. Finally, Stifel Nicolaus raised shares of Trade Desk from a “hold” rating to a “buy” rating and lifted their price target for the stock from $50.00 to $80.00 in a research note on Monday, May 16th. Five analysts have rated the stock with a hold rating and fifteen 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 price target of $83.29.

Trade Desk Stock Up 4.6 %

NASDAQ TTD opened at $52.78 on Friday. The company has a market capitalization of $25.59 billion, a P/E ratio of 251.33, a P/E/G ratio of 7.44 and a beta of 2.09. Trade Desk has a 12-month low of $39.00 and a 12-month high of $114.09. The firm has a 50-day moving average price of $47.16 and a two-hundred day moving average price of $58.98.

Trade Desk (NASDAQ:TTD – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Trade Desk had a net margin of 7.78% and a return on equity of 7.08%. The company had revenue of $315.32 million during the quarter, compared to the consensus estimate of $304.28 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s quarterly revenue was up 43.5% on a year-over-year basis.

Insider Buying and Selling

In other news, Director David B. Wells bought 17,500 shares of the stock in a transaction dated Wednesday, May 25th. The stock was purchased at an average cost of $45.81 per share, for a total transaction of $801,675.00. Following the transaction, the director now owns 106,570 shares of the company’s stock, valued at $4,881,971.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 10.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTD. Allspring Global Investments Holdings LLC purchased a new stake in Trade Desk during the 4th quarter valued at $14,645,000. Yousif Capital Management LLC purchased a new stake in Trade Desk during the 4th quarter valued at $560,000. CWM LLC purchased a new stake in Trade Desk during the 4th quarter valued at $535,000. Assenagon Asset Management S.A. purchased a new stake in Trade Desk during the 4th quarter valued at $231,000. Finally, Emerald Advisers LLC purchased a new stake in Trade Desk during the 4th quarter valued at $493,000. 63.40% of the stock is currently owned by institutional investors.

About Trade Desk

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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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