The Trade Desk, Inc. (NASDAQ: TTD) is a technology company that allows buyers to use proprietary data to better target their advertising dollars. With The Trade Desk platform, organizations are able to use fully automated and programmatic means to buy advertising space on a range of media where specific consumers are more likely to use their products or services. Organizations are able to create, manage, and optimize digital advertising campaigns in formats such as display, video, audio, and more.
Headquartered in Ventura, California, with other offices in the U.S, Europe, and Asia, TTD offers an integrated feature set to its customers that includes omnichannel targeting, data management that gives insight into audiences, enterprise APIS, and HD reporting. The company runs through a self-service, cloud-based platform, offering services across a multitude of devices, including mobile devices, computers, and television.
Most recently, The Trade Desk, Inc. was ranked number 55 on the Deloitte’s 2016 Technology Fast 500™ (http://dtn.fm/ai7PI) list of the fastest growing media, telecommunications, technology, energy, and life science companies in North America. The ranking for both private and public companies is based on the percentage of fiscal year growth between 2012 and 2015. TTD grew by over 1,800% during that period.
Earlier in November, The Trade Desk reported its financial results for the third quarter of 2016 (http://dtn.fm/UNu7p). Since becoming a public company in September, the company reported an increase of over 80% in revenue. Revenue for the third quarter came in at $53 million, compared to $28.8 million during the third quarter of 2015.
Highlights of the report included the fact that TTD’s customer retention rate was over 95% for the quarter, and the company is expanding with new offices expected in Orange County, California, and Hong Kong, alongside plans to open new offices in both Europe and Asia Pacific. The company is aiming to report revenues of up to $62 million for the fourth quarter of 2016 and an adjusted EBITDA margin of 30%.
According to Cerbat Gem Market News and Analysis (http://dtn.fm/Shg8w), The Trade Desk’s report of $0.24 earnings per share for the quarter was higher than Thomson Reuters’ consensus estimate by $0.03. Equities research analysts have made predictions of $0.85 EPS for the company for the current fiscal year.
Jefferies Group and Cantor Fitzgerald gave The Trade Desk a ‘Buy’ rating with target prices on the stock of $35 and $30, respectively. The company received a consensus ‘Buy’ rating with an average price target of $33.13.
For more information, visit the company’s website at www.thetradedesk.com
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