Trade Desk (TTD) Projected to Post Quarterly Earnings on Wednesday

Trade Desk (NASDAQ:TTD) is expected to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Trade Desk to post earnings of $0.57 per share and revenue of $759.56 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Trade Desk Stock Up 4.5 %

Shares of NASDAQ:TTD opened at $122.54 on Tuesday. The company has a market capitalization of $60.48 billion, a P/E ratio of 200.89, a P/E/G ratio of 3.63 and a beta of 1.45. Trade Desk has a 52-week low of $70.71 and a 52-week high of $141.53. The stock’s fifty day simple moving average is $123.92 and its 200-day simple moving average is $115.30.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTD. BMO Capital Markets upped their target price on shares of Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Wolfe Research upped their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Wedbush lifted their target price on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Scotiabank began coverage on Trade Desk in a research note on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price target on the stock. Finally, Evercore ISI lifted their price objective on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.20.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 over the last 90 days. Company insiders own 9.72% of the company’s stock.

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.