Equities research analysts predict that Trade Desk Inc (NASDAQ:TTD) will announce $116.62 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Trade Desk’s earnings, with estimates ranging from $115.94 million to $117.50 million. Trade Desk posted sales of $79.41 million during the same quarter last year, which suggests a positive year over year growth rate of 46.9%. The company is scheduled to announce its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Trade Desk will report full-year sales of $458.20 million for the current fiscal year, with estimates ranging from $456.03 million to $466.62 million. For the next fiscal year, analysts forecast that the business will report sales of $600.06 million, with estimates ranging from $574.40 million to $624.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Trade Desk.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The firm had revenue of $112.30 million for the quarter, compared to analyst estimates of $103.87 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. Trade Desk’s quarterly revenue was up 54.3% on a year-over-year basis.

Several analysts have weighed in on the company. BidaskClub lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday. Oppenheimer upped their target price on Trade Desk to $101.00 and gave the company an “outperform” rating in a report on Friday, June 22nd. DA Davidson assumed coverage on Trade Desk in a report on Monday, October 8th. They issued a “buy” rating and a $158.00 target price on the stock. Pivotal Research lowered their target price on Trade Desk from $59.00 to $55.00 and set a “sell” rating on the stock in a report on Friday. Finally, Royal Bank of Canada upped their target price on Trade Desk from $80.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.42.

In other news, insider Brian John Stempeck sold 20,332 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $94.87, for a total value of $1,928,896.84. Following the sale, the insider now directly owns 65,352 shares in the company, valued at $6,199,944.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert David Perdue sold 902 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $151.49, for a total value of $136,643.98. Following the completion of the sale, the chief operating officer now owns 132,995 shares in the company, valued at $20,147,412.55. The disclosure for this sale can be found here. Insiders sold 884,994 shares of company stock worth $109,066,063 over the last 90 days. Company insiders own 23.54% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Trade Desk by 39.5% in the second quarter. BlackRock Inc. now owns 1,992,379 shares of the technology company’s stock valued at $186,884,000 after acquiring an additional 564,170 shares in the last quarter. FMR LLC lifted its position in shares of Trade Desk by 106.3% in the second quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock valued at $160,908,000 after acquiring an additional 883,811 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Trade Desk by 93.1% in the second quarter. Renaissance Technologies LLC now owns 552,105 shares of the technology company’s stock valued at $51,787,000 after acquiring an additional 266,205 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Trade Desk by 31.1% in the first quarter. Lord Abbett & CO. LLC now owns 510,064 shares of the technology company’s stock valued at $25,309,000 after acquiring an additional 120,998 shares in the last quarter. Finally, Fred Alger Management Inc. lifted its position in shares of Trade Desk by 18.8% in the second quarter. Fred Alger Management Inc. now owns 467,528 shares of the technology company’s stock valued at $43,854,000 after acquiring an additional 73,872 shares in the last quarter. Institutional investors and hedge funds own 71.71% of the company’s stock.

TTD stock traded up $5.33 on Monday, reaching $123.06. 1,997,595 shares of the company’s stock were exchanged, compared to its average volume of 1,123,646. Trade Desk has a twelve month low of $40.70 and a twelve month high of $161.50. The firm has a market capitalization of $6.48 billion, a PE ratio of 103.41, a P/E/G ratio of 4.21 and a beta of 3.05.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

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