The Trade Desk Inc. (TTD) Scheduled to Post Earnings on Thursday

The Trade Desk Inc. (NASDAQ:TTD) will be releasing its earnings data after the market closes on Thursday, November 9th. Analysts expect The Trade Desk to post earnings of $0.20 per share for the quarter.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk’s revenue for the quarter was up 54.2% on a year-over-year basis. On average, analysts expect The Trade Desk to post $1.16 EPS for the current fiscal year and $1.31 EPS for the next fiscal year.

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Several analysts have issued reports on the company. Zacks Investment Research cut The Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded The Trade Desk from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Macquarie assumed coverage on The Trade Desk in a report on Thursday, October 12th. They set an “outperform” rating and a $78.00 price target for the company. Susquehanna Bancshares Inc restated a “positive” rating and set a $66.00 target price on shares of The Trade Desk in a report on Thursday, September 7th. Finally, Vetr upgraded The Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.92 target price for the company in a report on Tuesday, October 17th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $66.63.

In related news, CFO Paul Ross sold 3,705 shares of the company’s stock in a transaction 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 in the company, valued at $3,385,051.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Randall Pickles sold 75,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were 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 owns 127,736 shares of the company’s stock, valued at $6,375,303.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,394 shares of company stock valued at $12,357,382. Insiders own 26.87% 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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