Trade Desk (NASDAQ:TTD) Issues Earnings Results

Trade Desk (NASDAQ:TTD) released its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21), Zacks reports. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. Trade Desk updated its Q1 2025 guidance to EPS.

Trade Desk Trading Down 0.6 %

Shares of TTD stock traded down $0.45 during trading hours on Friday, reaching $81.47. 7,701,552 shares of the stock were exchanged, compared to its average volume of 5,892,437. The firm has a market capitalization of $40.21 billion, a price-to-earnings ratio of 133.50, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. Trade Desk has a 12-month low of $73.68 and a 12-month high of $141.53. The company’s 50-day moving average price is $122.11 and its 200-day moving average price is $115.31.

Analyst Ratings Changes

A number of research firms have commented on TTD. Royal Bank of Canada dropped their price objective on Trade Desk from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $145.00 price objective on shares of Trade Desk in a report on Thursday. Loop Capital boosted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Finally, UBS Group upped their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.20.

Insider Activity

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by insiders.

Trade Desk announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.