The Trade Desk: 2Q Earnings Snapshot

Brian John Stempeck Sells 10,000 Shares of Trade Desk Inc (TTD) Stock

The fund owned 258,349 shares of the technology company's stock after selling 57,443 shares during the quarter.

Trade Desk's net income was stronger than what it amassed during the year-ago period, when it brought in net income of $18.8 million, or 43 cents per share.

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. The stock was sold at an average price of $67.68, for a total value of $7,275,600.00. Ladenburg Thalmann Financial Services Inc. now owns 5,667 shares of the technology company's stock valued at $259,000 after buying an additional 2,695 shares during the period. The stock has a market cap of $3.80 billion, a PE ratio of 78.39, a PEG ratio of 2.84 and a beta of 2.04. The stock was sold at an average price of $93.67, for a total transaction of $15,187,747.47. While he increased TTD's share price target by $1 to $59, he maintained his "Sell" rating.

A number of equities research analysts have commented on the company. ValuEngine upgraded Trade Desk from a "hold" rating to a "buy" rating in a report on Saturday, May 12th. The disclosure for this sale can be found here. Overall, 2.96 Million shares exchanged hands versus its average volume of $2.39 Million.

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Shares of the Ventura, California-based company rose about 4 percent to $96.44 in after-market trading. Company insiders own 26.87% of the company's stock. Pivotal Research started coverage on Trade Desk in a research report on Monday, July 9th. That compares with consensus estimates of $0.44 in EPS and $103.7 million in revenue, as well as the $0.52 per share and $72.8 million reported in the second quarter of previous year. (ROST) price hitting a mean target of $90.8 a share, meaning the stock still has potential that could drag the price another -1.49%. The technology company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.16. Trade Desk Inc has a fifty-two week low of $40.70 and a fifty-two week high of $97.87.

According to 11 analysts, the Average Revenue Estimate for the current Fiscal quarter is $109.14 Million and the Low Revenue estimate is $106.77 Million, while the High Revenue estimate is $112 Million. Trade Desk had 16 analyst reports since February 23, 2018 according to SRatingsIntel. 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. Shaker Investments LLC OH increased its position in shares of Trade Desk by 35.3% during the first quarter. At one point in the past year, the shares traded as low as $52.85 but has recovered 74.4% since then. 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.

Its 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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