Trade Desk Stock Skyrockets on Impressive Q2 Earnings

Trade Desk

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Braun Stacey Associates Inc. owned about 0.61% of Trade Desk worth $24,233,000 as of its most recent filing with the Securities and Exchange Commission. The Stock shows P/E value of 72.6 and Forward P/E of 78.81.

The Trade Desk inc (NASDAQ:TTD) now has a Weekly Volatility of 3.61% percent while its Monthly Volatility is at 4.31% percent. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. (NYSE:ZAYO) analysts on average have given a price target of $85.67 on ZAYO stock.

Trade Desk opened at $93.29 on Friday, according to Marketbeat Ratings. About 10.28M shares traded or 628.95% up from the average. Trade Desk has a 52 week low of $40.70 and a 52 week high of $130.84. The company has a market cap of $3.93 Billion. 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 past year. (TTD) remained successful in beating the consensus-estimated $0.1 as it actually earned $0.34 per share in its last reported financial results. The company had revenue of $112.30 million during the quarter, compared to analysts' expectations of $103.87 million. During the same period in the previous year, the company posted $0.52 earnings per share. sell-side analysts expect that Trade Desk will post 1.41 earnings per share for the current year.

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TTD has been the topic of several research analyst reports. ValuEngine raised Trade Desk from a "hold" rating to a "buy" rating in a research note on Saturday, May 12th.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. 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. Susquehanna Bancshares raised their price objective on Trade Desk from $81.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, June 14th. 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. The stock presently has a consensus rating of "Buy" and an average price target of $79.61. Accern also assigned media headlines about the technology company an impact score of 45.444773391731 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. Deutsche Bank AG lifted its holdings in Trade Desk by 43.4% during the fourth quarter.

Investor's Business Daily has the details on Trade Desk's strong quarter. Net profit margin of The Trade Desk, Inc. Shaker Investments LLC OH increased its position in shares of Trade Desk by 35.3% during the first quarter. Following the sale, the chief financial officer now owns 65,345 shares of the company's stock, valued at $5,286,410.50. Institutional investors own 73.93% of the company's stock. Trade Desk's revenue was up 60.5% on a year-over-year basis. equities analysts forecast that Trade Desk Inc will post 1.41 EPS for the current year.

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