Published: Sun, August 12, 2018
Money | By Ralph Mccoy

Trade Desk soars to new 52-week high

Trade Desk soars to new 52-week high

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.

The company expects full-year revenue of $456 million. Institutional investors own 73.93% of the company's stock.

Trade Desk opened at $91.37 on Thursday, Marketbeat Ratings reports.

In related news, insider Jeffrey Terry Green sold 9,000 shares of the company's stock in a transaction dated Friday, June 1st. Over a month, it has seen its stock price volatility to stay at 3.61% while shortening the period to a week, volatility was 4.31%.

Investor's Business Daily has the details on Trade Desk's strong quarter. Trade Desk has a 52-week low of $40.70 and a 52-week high of $97.87.

Indonesian Presidential Candidacies are Now Official
Prabowo testily refused to accept the election results and withdrew just hours before the announcement of official results. Indonesia, the world's third-largest democracy and biggest Muslim-majority country , goes to the polls in April.

Laura Ingraham unloads on white nationalists, 'those who are distorting my views'
The Fox News host faced backlash for her comments including from other media personalities and Democrats such as Rep. Now, much of this is related to both illegal and in some cases, legal immigration", Ingraham added.

Hijacked Plane Stolen From Seattle Airport Crashes On Nearby Island
An empty Bombardier Q400 was stolen by a Horizon Air Mechanic between 8:30 PM and 8:45 PM from a cargo ramp stand in Seattle . NBC reported that the man expressed distress about his mental health while communicating with the air traffic control tower.

For the ongoing Fiscal Quarter, 10 analysts have an average earnings forecast of $0.46 per share. 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. Atria Investments LLC purchased a new position in Trade Desk during the second quarter valued at approximately $235,000. 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 company's market cap is $3.93 Billion, and the average volume is $1.28 Million. The stock was sold at an average price of $67.68, for a total value of $7,275,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. While talking about Performance of the Stock, The Trade Desk inc now has a Weekly performance of 5.42%, monthly performance percentage is 1.8 percent, Quarterly performance is 76.92 percent, 6 months performance shows a percent value of 115.25% and Yearly Performance is 72.79 percent.

Adjusted for one-time items, earnings came in at $0.60 per share, compared to earnings of $0.52 per share a year ago. The shares were sold at an average price of $82.93, for a total value of $6,219,750.00.

TTD has been the topic of several research analyst reports. Following the completion of the sale, the insider now owns 77,819 shares of the company's stock, valued at approximately $6,700,215.90. The disclosure for this sale can be found here. Piper Jaffray maintained it with "Buy" rating and $8000 target in Friday, May 11 report. Pivotal Research started coverage on Trade Desk in a research report on Monday, July 9th. BidaskClub raised Trade Desk from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 13th. 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.

Revenue rose 54.3 percent to $112.3 million, beating average analyst estimate of $104.02 million, according to Thomson Reuters I/B/E/S. At one point in the past year, the shares traded as low as $52.85 but has recovered 74.4% since then.

Recommended Story: What do I need to know about analyst ratings?

Like this: