The Trade Desk, Inc. | $TTD Stock | Shares Increase on Impressive Q1 Earnings

The Trade Desk

The Trade Desk, Inc. (NASDAQ: TTD)



The Trade Desk, Inc. (TTD), a global technology company yesterday reported their first quarter 2017 financial results. Trade Desk reported a first quarter earnings of $0.18 per share which was a 100% increase from the same quarter last year.

Trade Desk reported first quarter revenues of $53.4 million which was a 76% increase from the same quarter last year. Trade Desk also revised their full year 2017 results. Trade Desk increased their 2017 full year revenue projections to $291 million up from $270 million. Trade Desk increased their EBITDA to $78 million up from the previous projection of $72 million.      


The Trade Desk, Inc. CEO’s  Comments

“Agencies and brands are becoming more holistic with their advertising strategies.  They must think about coordinating all the channels and all the devices that they touch to the consumer. Programmatic gives them the power to choose more deliberately what to buy and how to message.  Because of this shift to programmatic and the performance of our team, our year is off to a great start in what has historically been the most difficult quarter to predict,” said Jeff Green, founder and CEO of The Trade Desk. “We’ve broken our previous record for Q1 and surpassed our own expectations during the quarter including revenue of $53.4 million which is a 76% increase year over year distinguishing The Trade Desk from comparable software platform companies. During the quarter, we had incredibly strong customer wins, international growth was exceptional, mobile, which includes In-App, video and web, continued to lead our channel growth and we opened new offices in Paris and Madrid.” Globe Newswire


TTD Technical Analysis

The Trade Desk
The Trade Desk Chart

TTD opened trading yesterday at $40.09 which was up from the previous day’s trading close of $40.05. TTD closed trading yesterday at $39.89 and spiked up after market to $47.10, equivalent to a 18% increase from the closing price. Taking a look at the daily chart we can see that we are in un-chartered territory as with the spike up TTD is now trading at all time highs.

Taking a closer look at the daily chart we can see that before the spike up TTD had already been in an overall upward trend dating back to April 8th when it traded at $35.19. TTD has a float of 18.14 million shares and traded 1.36 times the normal daily trading volume on Thursday.

For trading purposes, I would like to see TTD open trading on Friday above $44.75 and if it does I would be looking to take a long position at the bell. My stop loss would be $0.35 from my entry position fearing anything more than that and the stock would start to fill in the gap up.


Company Profile

The Trade Desk, Inc., a technology company, operates a self-service cloud-based platform that enables advertising buyers to create, manage, and optimize data-driven digital advertising campaigns using their own teams in the United States and internationally.

Its platform allows clients to manage integrated advertising campaigns across various advertising formats, including display, video, audio, native, and social, as well as on various devices, such as computers, mobile devices, and connected television. The company serves advertising agencies and other service providers for advertisers. The Trade Desk, Inc. was founded in 2009 and is headquartered in Ventura, California.  Yahoo Finance