Trade Desk shares rally on earnings beat

Irving Hamilton
August 12, 2018

Profitability analysis greatly helps in making investment decision.

During the most recent quarter, the Mobile segment grew 89% year over year, with an increase of 45% in gross spend - its highest percentage ever. Visit MarketWatch.com for more information on this news. Xact Kapitalforvaltning AB bought a new stake in shares of Trade Desk in the first quarter worth $228,000.

When we look at the Analyst Recommendations of the stock, the company has 1.9 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Geode Capital Management LLC lifted its holdings in Trade Desk by 1.3% during the fourth quarter. Overall, 2.96 Million shares exchanged hands versus its average volume of $2.39 Million.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.

TTD has been the subject of a number of recent analyst reports. ValuEngine raised Trade Desk from a "hold" rating to a "buy" rating in a research note on Saturday, May 12th. The stock now has an average rating of "Buy" and a consensus target price of $77.06. Finally, Oppenheimer raised their target price on shares of Trade Desk to $101.00 and gave the company an "outperform" rating in a research note on Friday, June 22nd. While he increased TTD's share price target by $1 to $59, he maintained his "Sell" rating. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. While talking about Performance of the Stock, The Trade Desk inc now has a Weekly performance of 5.42%, monthly performance percentage is 1.8 percent, Quarterly performance is 76.92 percent, 6 months performance shows a percent value of 115.25% and Yearly Performance is 72.79 percent.

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Trade Desk opened at $93.29 on Friday, according to Marketbeat Ratings. The company has market cap of $5.39 billion. Trade Desk Inc has a fifty-two week low of $40.70 and a fifty-two week high of $97.87.

Shareholders of the Trade Desk Inc (NASDAQ:TTD) are smiling in the wake of an incredibly positive earnings report. Thompson Reuters, based on analyst estimates, was for adjusted earnings of $0.44 per share on sales of $104 million. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%.

The company's Average Revenue Estimate for the current quarter is $109.14 Million, while Low and High Revenue Estimates are $106.77 Million and $112 Million respectively. 10,359,511 shares of the stock were exchanged, compared to its average volume of 663,307. Trade Desk also impressed on the revenue front as its sales reached $112.3 million, well ahead of the $72.8 million that it raked in during the second quarter of fiscal 2017.

In related news, COO Robert David Perdue sold 107,500 shares of the company's stock in a transaction on Friday, May 11th. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Following the sale, the insider now owns 65,352 shares of the company's stock, valued at approximately $6,199,944.24. (NYSE:ZAYO) analysts on average have given a price target of $85.67 on ZAYO stock. The disclosure for this sale can be found here. The firm's revenue was up 54.3% on a year-over-year basis.

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).

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