Wall Street analysts expect Trade Desk Inc (NASDAQ:TTD) to report sales of $213.31 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Trade Desk’s earnings, with the lowest sales estimate coming in at $212.10 million and the highest estimate coming in at $215.03 million. Trade Desk reported sales of $160.47 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32.9%. The business is expected to report its next quarterly earnings report on Thursday, February 20th.

On average, analysts expect that Trade Desk will report full year sales of $658.43 million for the current fiscal year, with estimates ranging from $657.30 million to $660.14 million. For the next fiscal year, analysts forecast that the business will report sales of $853.74 million, with estimates ranging from $848.60 million to $858.18 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Trade Desk.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 7th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.06). The company had revenue of $164.20 million for the quarter, compared to analysts’ expectations of $164.26 million. Trade Desk had a net margin of 15.99% and a return on equity of 20.31%.

Several research analysts recently issued reports on TTD shares. Zacks Investment Research cut Trade Desk from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub raised Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $325.00 price objective on shares of Trade Desk in a research report on Thursday, December 19th. Stephens initiated coverage on Trade Desk in a research report on Monday, November 4th. They issued an “overweight” rating and a $250.00 price objective on the stock. Finally, Pivotal Research cut their price objective on Trade Desk from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Trade Desk currently has an average rating of “Buy” and an average target price of $233.25.

Shares of NASDAQ:TTD traded down $4.01 during mid-day trading on Thursday, hitting $284.16. 1,865,806 shares of the company traded hands, compared to its average volume of 1,988,599. The stock has a market cap of $12.54 billion, a P/E ratio of 148.00, a P/E/G ratio of 4.56 and a beta of 2.74. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.31. Trade Desk has a 12-month low of $128.00 and a 12-month high of $293.90. The stock has a 50-day moving average price of $262.02 and a two-hundred day moving average price of $235.34.

In other news, insider Vivian Yang sold 3,405 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $205.50, for a total value of $699,727.50. Following the completion of the transaction, the insider now directly owns 43,727 shares in the company, valued at approximately $8,985,898.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mazen Al-Rawashdeh sold 2,408 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.91, for a total value of $122,591.28. Insiders sold a total of 223,111 shares of company stock worth $53,794,353 over the last 90 days. Corporate insiders own 17.44% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TTD. Paragon Advisors LLC purchased a new stake in Trade Desk during the 4th quarter valued at about $378,000. First Hawaiian Bank purchased a new stake in Trade Desk during the 4th quarter valued at about $353,000. Forte Capital LLC ADV boosted its holdings in Trade Desk by 5.7% during the 4th quarter. Forte Capital LLC ADV now owns 24,372 shares of the technology company’s stock valued at $6,331,000 after acquiring an additional 1,320 shares during the period. Curbstone Financial Management Corp purchased a new stake in Trade Desk during the 4th quarter valued at about $566,000. Finally, Millennium Management LLC boosted its holdings in Trade Desk by 391.5% during the 3rd quarter. Millennium Management LLC now owns 24,481 shares of the technology company’s stock valued at $4,591,000 after acquiring an additional 19,500 shares during the period. Hedge funds and other institutional investors own 65.71% 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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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