Trade Desk Stock Skyrockets on Impressive Q2 Earnings

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

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.

A number of other large investors also recently made changes to their positions in the business. 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. Advisor Group Inc. increased its holdings in Trade Desk by 39.7% during the fourth quarter. The institutional investor acquired 2,140 shares of the technology company's stock, valued at approximately $201,000.

Pivotal Research Group analyst Brian Wieser was more subdued. 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. The stock presently has a consensus rating of "Buy" and an average price target of $79.61. BidaskClub upgraded Trade Desk from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 13th. Piper Jaffray maintained it with "Buy" rating and $8000 target in Friday, May 11 report.

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According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. 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. The firm has a market capitalization of $3.80 billion, a PE ratio of 107.50, a P/E/G ratio of 2.84 and a beta of 2.04. Trade Desk (TTD) stock shot up 13% to 105.50, an all-time high, in after-hours trading on the stock market today.

The Trade Desk inc (NASDAQ:TTD) gained 2.1 Percent and closed its previous trading session at $93.29. (TTD) remained successful in beating the consensus-estimated $0.1 as it actually earned $0.34 per share in its last reported financial results. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $103.87 million. About 10.28M shares traded or 628.95% up from the average.

Revenues came in for the quarter at $112.3 million, in contrast with $72.8 million in the prior-year quarter. The stock was sold at an average price of $80.90, for a total value of $354,503.80. Following the transaction, the chief operating officer now directly owns 235,943 shares of the company's stock, valued at approximately $15,968,622.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. When we see the company's Volatility, it now has a monthly volatility of 4.31% and weekly volatility of 3.61%. (NYSE:ZAYO) analysts on average have given a price target of $85.67 on ZAYO stock. LPL Financial LLC now owns 6,000 shares of the technology company's stock worth $274,000 after acquiring an additional 2,502 shares during the period. The disclosure for this sale can be found here. For its third quarter, the company projects revenue of $116 million, ahead of the $109.2 million that Wall Street forecasts.

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