Trade Desk (TTD) Set to Announce Earnings on Wednesday

Trade Desk (NASDAQ:TTD) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

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

TTD opened at $88.59 on Monday. The company has a market cap of $43.32 billion, a PE ratio of 246.09, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. The stock has a 50-day moving average of $83.69 and a 200-day moving average of $75.80. Trade Desk has a 52-week low of $60.23 and a 52-week high of $94.00.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TTD shares. Truist Financial raised their price objective on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Royal Bank of Canada raised their price objective on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Oppenheimer raised their price objective on Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, KeyCorp lifted their price target on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.38.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock valued at $53,970,398 in the last 90 days. 10.18% of the stock is owned by corporate insiders.

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.