Trade Desk (NASDAQ:TTD) Announces Quarterly Earnings Results

Trade Desk (NASDAQ:TTD) released its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share 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 NASDAQ TTD traded down $0.45 during mid-day trading on Friday, hitting $81.47. The company had a trading volume of 7,701,552 shares, compared to its average volume of 5,892,437. Trade Desk has a 1 year low of $73.68 and a 1 year high of $141.53. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of 133.50, a P/E/G ratio of 3.63 and a beta of 1.45. The stock’s 50-day moving average price is $122.11 and its 200-day moving average price is $115.31.

Insiders Place Their Bets

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 in the last quarter. 9.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTD shares. BTIG Research raised their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. KeyCorp increased their price objective on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday. Cantor Fitzgerald cut their target price on Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank of Canada lowered their price target on Trade Desk from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Benchmark reaffirmed a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.20.

Trade Desk announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is 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.