Trade Desk (TTD) to Release Earnings on Thursday

Trade Desk (NASDAQ:TTD) is projected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Trade Desk to post earnings of $0.58 per share for the quarter. Trade Desk has set its Q1 2025 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. On average, analysts expect Trade Desk to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Trade Desk Price Performance

Trade Desk stock opened at $122.23 on Thursday. Trade Desk has a one year low of $71.11 and a one year high of $141.53. The stock has a market capitalization of $60.33 billion, a PE ratio of 200.38, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The business’s fifty day moving average is $123.20 and its 200 day moving average is $115.54.

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently commented on TTD. Wedbush raised their price objective on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Royal Bank of Canada lifted their target price on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Macquarie lifted their target price on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, JMP Securities assumed coverage on Trade Desk in a research note on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 target price on the stock. One equities 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. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $133.20.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock worth $5,004,296 over the last quarter. 9.72% of the stock is owned by company insiders.

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.