Equities analysts expect that The Trade Desk Inc. (NASDAQ:TTD) will announce $77.00 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for The Trade Desk’s earnings. The lowest sales estimate is $76.30 million and the highest is $77.90 million. The Trade Desk reported sales of $52.96 million during the same quarter last year, which would suggest a positive year over year growth rate of 45.4%. The company is expected to announce its next earnings report on Thursday, November 9th.

According to Zacks, analysts expect that The Trade Desk will report full-year sales of $77.00 million for the current financial year, with estimates ranging from $303.10 million to $306.70 million. For the next financial year, analysts forecast that the firm will post sales of $391.73 million per share, with estimates ranging from $383.60 million to $403.30 million. Zacks’ sales calculations are an average based on a survey of analysts that follow The Trade Desk.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $68.02 million. The business’s revenue for the quarter was up 54.2% on a year-over-year basis.

A number of brokerages have recently commented on TTD. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective (up previously from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price objective (up previously from $56.00) on shares of The Trade Desk in a research report on Friday, August 11th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $66.00 price objective on shares of The Trade Desk in a research report on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price objective (up previously from $57.00) on shares of The Trade Desk in a research report on Friday, August 11th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $60.00 price objective (up previously from $55.00) on shares of The Trade Desk in a research report on Friday, August 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Trade Desk has a consensus rating of “Buy” and an average target price of $56.00.

Shares of The Trade Desk (TTD) traded down 1.49% on Friday, hitting $56.23. 1,371,890 shares of the stock traded hands. The firm has a market capitalization of $2.29 billion and a PE ratio of 51.92. The firm’s 50 day moving average is $52.85 and its 200 day moving average is $46.74. The Trade Desk has a 52 week low of $22.00 and a 52 week high of $59.20.

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In other news, Director Kathryn E. Falberg purchased 20,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $48.06 per share, with a total value of $961,200.00. Following the completion of the transaction, the director now owns 40,000 shares of the company’s stock, valued at approximately $1,922,400. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Robert David Perdue sold 12,500 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $49.55, for a total transaction of $619,375.00. Following the sale, the chief operating officer now directly owns 80,836 shares in the company, valued at $4,005,423.80. The disclosure for this sale can be found here. Insiders have sold 349,215 shares of company stock worth $18,110,153 over the last ninety days. Insiders own 26.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TTD. Teachers Advisors LLC bought a new stake in The Trade Desk during the fourth quarter worth $235,000. Nationwide Fund Advisors increased its holdings in shares of The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,824 shares during the last quarter. Strs Ohio increased its holdings in shares of The Trade Desk by 100.0% in the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock valued at $126,000 after purchasing an additional 1,700 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of The Trade Desk by 21.5% in the first quarter. Wells Fargo & Company MN now owns 45,036 shares of the technology company’s stock valued at $1,677,000 after purchasing an additional 7,972 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of The Trade Desk by 169.4% in the first quarter. Bank of New York Mellon Corp now owns 31,797 shares of the technology company’s stock valued at $1,184,000 after purchasing an additional 19,992 shares during the last quarter. 62.80% of the stock is currently owned by hedge funds and other institutional investors.

The Trade Desk Company Profile

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

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