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Trade Desk shares rally on earnings beat

12 August 2018

The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $103.87 million.

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

Brian John Stempeck Sells 10,000 Shares of Trade Desk Inc (TTD) Stock
Sizzling Technical Charts: The Trade Desk, Inc. (TTD), Ross Stores, Inc. (ROST)

Trade Desk opened at $91.37 on Thursday, Marketbeat Ratings reports. The target price by Nomura would suggest a potential downside of -21.05 % from the company's last stock close. When we see the company's Volatility, it now has a monthly volatility of 4.31% and weekly volatility of 3.61%. Also, The Trade Desk, Inc. Its 52-week high and low range is $97.87 and $40.7, respectively. About 10.28M shares traded or 628.95% up from the average. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Trade Desk by 90.7% during the fourth quarter. 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. LPL Financial LLC increased its position in shares of Trade Desk by 71.5% during the fourth quarter. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 107.50, a PEG ratio of 2.88 and a beta of 2.04. The shares were sold at an average price of $86.10, for a total transaction of $774,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The company's revenue for the quarter was up 54.3% on a year-over-year basis. research analysts expect that Trade Desk Inc will post 1.41 EPS for the current year. Earnings, adjusted for stock option expense, were 60 cents per share. The shares were sold at an average price of $80.90, for a total value of $354,503.80.

A number of equities research analysts have commented on the company. ValuEngine raised Trade Desk from a "hold" rating to a "buy" rating in a research note on Saturday, May 12th. Following the completion of the sale, the chief financial officer now directly owns 79,350 shares in the company, valued at approximately $5,976,642. The disclosure for this sale can be found here. Finally, SunTrust Banks reissued a "buy" rating and issued a $75.00 price objective on shares of Trade Desk in a research note on Monday, May 14th. Piper Jaffray maintained it with "Buy" rating and $8000 target in Friday, May 11 report.

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Looking at the Analyst Recommendations of the stock, 4 Analysts issued a Buy for MoSys, 6 gave Outperform, 2 analysts gave Hold Rating, 0 issued Underperform and 1 marked the stock as Sell. Following the sale, the insider now owns 44,848 shares in the company, valued at $3,719,244.64.

Shares of digital-advertising platform operator, The Trade Desk, Inc., gapped up sharply in premarket trading on Friday, following a better-than-expected June quarter.

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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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Trade Desk shares rally on earnings beat