Wall Street brokerages predict that The Trade Desk Inc. (NASDAQ:TTD) will announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for The Trade Desk’s earnings, with estimates ranging from $0.25 to $0.27. The Trade Desk posted earnings of $0.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, November 9th.

On average, analysts expect that The Trade Desk will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.43. For the next financial year, analysts anticipate that the business will post earnings of $1.65 per share, with EPS estimates ranging from $1.34 to $1.84. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover The Trade Desk.

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

Several brokerages recently commented on TTD. Needham & Company LLC reiterated a “buy” rating and set a $62.00 target price (up from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price objective (up from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of The Trade Desk in a report on Friday, August 11th. Citigroup Inc. restated a “buy” rating and set a $60.00 price objective (up previously from $55.00) on shares of The Trade Desk in a research report on Friday, August 11th. Finally, Vetr lowered The Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price objective for the company. in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The Trade Desk currently has a consensus rating of “Buy” and an average price target of $66.63.

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In other news, insider David Randall Pickles sold 75,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $49.91, for a total value of $3,743,250.00. Following the completion of the transaction, the insider now directly owns 127,736 shares of the company’s stock, valued at approximately $6,375,303.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Paul Ross sold 3,705 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $63.33, for a total value of $234,637.65. Following the completion of the transaction, the chief financial officer now directly owns 53,451 shares of the company’s stock, valued at $3,385,051.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,394 shares of company stock valued at $12,357,382. Insiders own 26.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its position in The Trade Desk by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock worth $100,415,000 after acquiring an additional 122,774 shares during the last quarter. Vanguard Group Inc. grew its position in The Trade Desk by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after acquiring an additional 885,916 shares during the last quarter. FMR LLC grew its position in The Trade Desk by 12.7% during the 2nd quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock worth $78,963,000 after acquiring an additional 178,092 shares during the last quarter. Lord Abbett & CO. LLC grew its position in The Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock worth $71,771,000 after acquiring an additional 748,795 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its position in The Trade Desk by 79.5% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the technology company’s stock worth $59,933,000 after acquiring an additional 529,645 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

About The Trade Desk

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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