The Trade Desk Inc. (NASDAQ:TTD) announced its quarterly earnings results on Thursday. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.15, Bloomberg Earnings reports. The firm had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. The Trade Desk had a net margin of 15.93% and a return on equity of 25.60%. The business’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS.
Shares of The Trade Desk (TTD) traded down $8.29 during trading hours on Friday, reaching $51.00. 9,841,275 shares of the company’s stock were exchanged, compared to its average volume of 770,234. The Trade Desk has a 12-month low of $24.02 and a 12-month high of $67.30. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. The company has a market cap of $2,417.44, a price-to-earnings ratio of 57.00 and a beta of 7.32.
In other The Trade Desk news, CEO Jeffrey Terry Green sold 9,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $66.26, for a total transaction of $596,340.00. Following the sale, the chief executive officer now owns 99,400 shares of the company’s stock, valued at approximately $6,586,244. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul Ross sold 3,705 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $63.33, for a total transaction of $234,637.65. Following the sale, the chief financial officer now directly owns 53,451 shares in the company, valued at approximately $3,385,051.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 240,894 shares of company stock worth $13,764,597. Insiders own 26.87% of the company’s stock.
Several equities research analysts have issued reports on the stock. Vetr lowered shares of The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price target on the stock. in a report on Tuesday, October 31st. Macquarie started coverage on shares of The Trade Desk in a report on Thursday, October 12th. They issued an “outperform” rating and a $78.00 target price on the stock. Zacks Investment Research lowered shares of The Trade Desk from a “buy” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $55.00 target price on shares of The Trade Desk in a report on Monday, November 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 target price on shares of The Trade Desk in a report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The Trade Desk presently has a consensus rating of “Buy” and an average target price of $67.07.
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The Trade Desk Company Profile
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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