Equities research analysts expect that Trade Desk Inc (NASDAQ:TTD) will report sales of $148.18 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Trade Desk’s earnings, with estimates ranging from $147.00 million to $150.76 million. Trade Desk reported sales of $102.65 million in the same quarter last year, which indicates a positive year over year growth rate of 44.4%. The business is expected to announce its next earnings results on Thursday, February 28th.

On average, analysts expect that Trade Desk will report full year sales of $464.99 million for the current year, with estimates ranging from $463.82 million to $467.59 million. For the next financial year, analysts forecast that the firm will report sales of $618.22 million, with estimates ranging from $604.90 million to $629.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Trade Desk.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). The company had revenue of $118.80 million during the quarter, compared to analyst estimates of $117.48 million. Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. The company’s quarterly revenue was up 49.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS.

Several equities research analysts have recently weighed in on TTD shares. DA Davidson started coverage on Trade Desk in a research note on Monday, October 8th. They issued a “buy” rating and a $158.00 price target for the company. Zacks Investment Research cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $170.00 price target (up previously from $126.00) on shares of Trade Desk in a research note on Tuesday, September 25th. BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Finally, Oppenheimer raised their target price on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, December 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Trade Desk has an average rating of “Buy” and a consensus target price of $125.05.

Shares of TTD stock traded down $2.37 on Wednesday, hitting $127.30. The company had a trading volume of 797,322 shares, compared to its average volume of 920,250. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 106.97, a PEG ratio of 2.76 and a beta of 2.99. Trade Desk has a twelve month low of $40.70 and a twelve month high of $161.50.

In other Trade Desk news, CFO Paul Ross sold 16,143 shares of the stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $110.18, for a total value of $1,778,635.74. Following the transaction, the chief financial officer now owns 43,564 shares in the company, valued at $4,799,881.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO David Randall Pickles sold 6,475 shares of the stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $120.17, for a total value of $778,100.75. Following the completion of the transaction, the chief technology officer now owns 52,712 shares in the company, valued at approximately $6,334,401.04. The disclosure for this sale can be found here. Insiders have sold 106,459 shares of company stock valued at $13,114,148 in the last ninety days. 23.54% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Sheets Smith Wealth Management bought a new position in Trade Desk in the fourth quarter worth approximately $326,000. Curbstone Financial Management Corp boosted its holdings in Trade Desk by 3.6% in the fourth quarter. Curbstone Financial Management Corp now owns 5,250 shares of the technology company’s stock worth $492,000 after acquiring an additional 180 shares in the last quarter. Vanguard Group Inc boosted its holdings in Trade Desk by 16.0% in the third quarter. Vanguard Group Inc now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after acquiring an additional 414,136 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Trade Desk by 792.3% in the third quarter. Rehmann Capital Advisory Group now owns 464 shares of the technology company’s stock worth $70,000 after acquiring an additional 412 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Trade Desk by 16.0% in the third quarter. Vanguard Group Inc. now owns 3,007,013 shares of the technology company’s stock worth $453,788,000 after acquiring an additional 414,136 shares in the last quarter. Institutional investors and hedge funds own 67.41% of the company’s stock.

About Trade Desk

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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