During the same period in the previous year, the company earned $0.52 EPS. sell-side analysts anticipate that Trade Desk will post 1.41 earnings per share for the current year.
Profitability analysis greatly helps in making investment decision. Paloma Partners Management Co purchased a new position in shares of Trade Desk during the fourth quarter worth approximately $227,000. We continued to see marketers spend disproportionately more with The Trade Desk as they look beyond the few search and social sites that historically captured the most advertising dollars. Deutsche Bank AG lifted its holdings in Trade Desk by 43.4% during the fourth quarter. Also, The Trade Desk, Inc. Advisor Group Inc. now owns 5,578 shares of the technology company's stock valued at $254,000 after buying an additional 1,584 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Trade Desk by 90.7% during the fourth quarter.
The stock increased 37.13% or $34.64 during the last trading session, reaching $127.93. Institutional investors and hedge funds own 73.93% of the company's stock.
Several brokerages recently issued reports on TTD. Zacks Investment Research raised Trade Desk from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 25th. Oppenheimer began coverage on Trade Desk in a research report on Thursday, May 10th. Finally, Piper Jaffray Companies reiterated an "overweight" rating and issued a $80.00 price objective on shares of Trade Desk in a research report on Friday, May 11th. Wall Street experts also assign a $85.67 price target on The Trade Desk, Inc., pointing towards a -8.17% drop from current levels. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 76.78, a P/E/G ratio of 2.81 and a beta of 2.04. Trade Desk has $118 highest and $58 lowest target.
Sizzling Technical Charts: The Trade Desk, Inc. (TTD), Ross Stores, Inc. (ROST)
Analysts were projecting the company to bring in adjusted earnings of 44 cents per share, according to data from a survey compiled by FactSet. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%.
Looking ahead to Q3, the company expects revenue to check in at $116 million, ahead of analyst expectations of $109 million. 10,359,511 shares of the stock were exchanged, compared to its average volume of 663,307. As per Friday, May 11, the company rating was maintained by Stifel Nicolaus. The stock was sold at an average price of $108.23, for a total value of $1,082,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $93.67, for a total transaction of $15,187,747.47. Following the completion of the transaction, the chief financial officer now directly owns 65,345 shares in the company, valued at $5,286,410.50. The disclosure for this sale can be found here.
The company, which provides data-driven insights to advertisers, faces tough competition from similar divisions of internet giants Alphabet Inc (GOOGL.O) and Facebook Inc (FB.O) and complements the needs of traditional advertising firms such as Omnicom Group Inc (OMC.N) and WPP Plc (WPP.L).
ROST's mean recommendation on Reuter's scale presents no change from 2 thirty days ago to 2 now, which indicates a hold consensus from the analyst community.