Jefferies Financial Group Brokers Boost Earnings Estimates for Trade Desk Inc (TTD)

Trade Desk Inc (NASDAQ:TTD) – Jefferies Financial Group increased their FY2019 EPS estimates for shares of Trade Desk in a report issued on Tuesday, October 16th. Jefferies Financial Group analyst B. Thill now anticipates that the technology company will earn $1.98 per share for the year, up from their previous forecast of $1.82. Jefferies Financial Group currently has a “Buy” rating and a $150.00 target price on the stock.

Other research analysts have also issued reports about the stock. Oppenheimer increased their price objective on shares of Trade Desk to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 22nd. Pivotal Research initiated coverage on shares of Trade Desk in a report on Monday, July 9th. They set a “sell” rating and a $58.00 price objective on the stock. Nomura initiated coverage on shares of Trade Desk in a report on Tuesday, July 10th. They set a “neutral” rating and a $87.00 price objective on the stock. BidaskClub lowered shares of Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Royal Bank of Canada increased their price objective on shares of Trade Desk from $80.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.00.

Trade Desk stock opened at $124.72 on Friday. Trade Desk has a 12-month low of $40.70 and a 12-month high of $161.50. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 104.81, a PEG ratio of 4.85 and a beta of 3.06.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. Trade Desk had a net margin of 14.59% and a return on equity of 21.65%. The company had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $103.87 million. During the same period last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 54.3% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new stake in shares of Trade Desk during the second quarter worth approximately $147,000. Mount Yale Investment Advisors LLC grew its position in shares of Trade Desk by 235.7% during the second quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock worth $155,000 after buying an additional 1,162 shares in the last quarter. Strs Ohio acquired a new stake in shares of Trade Desk during the second quarter worth approximately $187,000. CAPROCK Group Inc. acquired a new stake in shares of Trade Desk during the second quarter worth approximately $201,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Trade Desk during the second quarter worth approximately $219,000. Institutional investors own 71.68% of the company’s stock.

In other news, Director Thomas Falk sold 58,456 shares of Trade Desk stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $144.93, for a total transaction of $8,472,028.08. Following the sale, the director now owns 9,390 shares in the company, valued at $1,360,892.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Terry Green sold 450,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $135.56, for a total transaction of $61,002,000.00. Following the sale, the insider now owns 506,178 shares in the company, valued at approximately $68,617,489.68. The disclosure for this sale can be found here. Insiders have sold 665,721 shares of company stock worth $88,499,702 in the last quarter. Insiders own 26.87% of the company’s stock.

About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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