Trade Desk (NASDAQ:TTD) Issues Quarterly Earnings Results

Trade Desk (NASDAQ:TTD) announced its quarterly earnings results on Wednesday. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate 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 Price Performance

TTD traded up $2.02 during trading hours on Wednesday, reaching $122.23. The company’s stock had a trading volume of 10,628,498 shares, compared to its average volume of 4,022,570. The business’s 50-day moving average is $123.54 and its 200-day moving average is $115.49. The stock has a market cap of $60.33 billion, a PE ratio of 200.38, a P/E/G ratio of 3.63 and a beta of 1.45. Trade Desk has a fifty-two week low of $71.11 and a fifty-two week high of $141.53.

Analysts Set New Price Targets

A number of research analysts have weighed in on TTD shares. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Loop Capital upped their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group increased their target price on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the 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 transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,029 shares of company stock worth $5,004,296 over the last quarter. 9.72% of the stock is currently owned by company insiders.

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.