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. The stock was sold at an average price of $108.23, for a total value of $1,082,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Trade Desk opened at $93.29 on Friday, according to Marketbeat Ratings.
For the ongoing Fiscal Quarter, 10 analysts have an average earnings forecast of $0.46 per share. The stock traded with the average Volume of 1.28 Million at the end of last session.More news: How blue light accelerates blindness
The Trade Desk, a publicly traded company that has emerged as the go-to programmatic solution for many big agencies and clients in recent years, reported strong second-quarter earnings based on increased spending from both new and existing clients, as well as worldwide expansion. Trade Desk had 16 analyst reports since February 23, 2018 according to SRatingsIntel. Six analysts surveyed by Zacks expected $103.7 million.
The company reported its last earnings Actual EPS of $0.6/share. 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.
TTD has been the subject of several other reports. Piper Jaffray maintained it with "Buy" rating and $8000 target in Friday, May 11 report. BidaskClub downgraded shares of Trade Desk from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 31st. The stock has a market cap of 9.35 Billion. Oppenheimer raised their price objective on Trade Desk to $101.00 and gave the company an "outperform" rating in a research note on Friday, June 22nd. 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. For the Current month, 7 analysts have assigned this stock as Buy where 7 assigned Outperform, 3 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating. 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. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Trade Desk by 90.7% during the fourth quarter. The volume of the company in the last trading session was 2.78 Million. Atria Investments LLC bought a new stake in shares of Trade Desk in the second quarter worth $235,000. Wells Fargo & Company MN now owns 132,432 shares of the technology company's stock valued at $6,571,000 after purchasing an additional 21,546 shares during the period.More news: Punjab Confirms Navjot Singh Sidhu's Invite For Imran Khan's Swearing
The Trade Desk, Inc.is a technology company that provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the USA and internationally.
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. Visit MarketWatch.com for more information on this news. Revenue rose to $112.3 million from $72.8 million in the year-ago period.More news: Villarreal unveil ex-Arsenal midfielder Cazorla in weird fashion