The Trade Desk (NASDAQ:TTD) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $259 million-262 million, compared to the consensus revenue estimate of $253.92 million.
Several equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a buy rating and set a $1,000.00 target price on shares of The Trade Desk in a report on Friday, March 26th. Citigroup boosted their price objective on shares of The Trade Desk from $760.00 to $925.00 in a report on Friday, February 19th. Truist upgraded shares of The Trade Desk from a hold rating to a buy rating and decreased their price objective for the stock from $880.00 to $620.00 in a report on Tuesday, May 11th. Stifel Nicolaus decreased their price objective on shares of The Trade Desk from $700.00 to $650.00 and set a hold rating for the company in a report on Monday, May 17th. Finally, Vertical Research upgraded shares of The Trade Desk from a mixed rating to a positive rating in a report on Wednesday, April 21st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $749.14.
TTD traded up $11.66 during mid-day trading on Friday, reaching $601.93. 23,107 shares of the company traded hands, compared to its average volume of 939,424. The firm has a market cap of $28.64 billion, a PE ratio of 121.45, a P/E/G ratio of 6.29 and a beta of 2.47. The stock’s fifty day moving average is $628.78. The Trade Desk has a 52-week low of $343.04 and a 52-week high of $972.80.
The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Monday, May 10th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $1.07. The Trade Desk had a net margin of 26.91% and a return on equity of 25.57%. The firm had revenue of $219.80 million during the quarter, compared to the consensus estimate of $217.28 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. As a group, sell-side analysts forecast that The Trade Desk will post 3.53 earnings per share for the current year.
In related news, CMO Susan Vobejda sold 1,234 shares of the company’s stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $510.74, for a total value of $630,253.16. Following the completion of the transaction, the chief marketing officer now owns 24,650 shares of the company’s stock, valued at approximately $12,589,741. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric B. Paley sold 750 shares of the company’s stock in a transaction on Tuesday, June 1st. The stock was sold at an average price of $600.00, for a total transaction of $450,000.00. Following the completion of the transaction, the director now directly owns 13,821 shares of the company’s stock, valued at approximately $8,292,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,729 shares of company stock valued at $83,940,451. Insiders own 10.72% of the company’s stock.
The Trade Desk Company Profile
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 create, manage, and optimize data-driven digital advertising campaigns in various ad formats and channels, including display, video, audio, in-app, native and social, and on various devices, such as computers, mobile devices, and connected TV.
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