Trade Desk (TTD) Projected to Post Quarterly Earnings on Thursday

Trade Desk (NASDAQ:TTD) is anticipated 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share (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 Trading Down 0.2 %

NASDAQ TTD opened at $80.03 on Wednesday. The firm’s fifty day simple moving average is $119.84 and its two-hundred day simple moving average is $115.53. Trade Desk has a 12-month low of $76.12 and a 12-month high of $141.53. The firm has a market capitalization of $39.50 billion, a P/E ratio of 131.20, a P/E/G ratio of 3.63 and a beta of 1.45.

Trade Desk declared that its board has initiated a stock buyback 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 management believes its shares are undervalued.

Insider Buying and Selling at Trade Desk

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

Analyst Ratings Changes

Several equities analysts have issued reports on TTD shares. Truist Financial cut their price target on shares of Trade Desk from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Susquehanna lowered their price objective on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 13th. KeyCorp lifted their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. UBS Group lifted their price objective on shares of Trade Desk from $116.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Trade Desk in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $120.97.

About Trade Desk

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.