Trade Desk (TTD) Scheduled to Post Earnings on Thursday

Trade Desk (NASDAQ:TTD - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Trade Desk has set its Q3 2024 guidance at EPS.Investors interested in participating in the company's earnings conference call can do so using this link.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk's revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. 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 Stock Performance

Trade Desk stock traded down $1.77 during mid-day trading on Thursday, reaching $120.21. 3,373,828 shares of the company were exchanged, compared to its average volume of 3,760,664. Trade Desk has a 12-month low of $60.23 and a 12-month high of $123.85. The business has a fifty day moving average of $110.15 and a 200 day moving average of $99.05. The firm has a market cap of $58.80 billion, a P/E ratio of 299.30, a PEG ratio of 5.75 and a beta of 1.48.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,606 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Andrea Lee Cunningham sold 1,606 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Laura Schenkein sold 3,130 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 in the last quarter. Insiders own 10.18% of the company's stock.

Analyst Ratings Changes

TTD has been the subject of several recent analyst reports. Cantor Fitzgerald restated a "neutral" rating and issued a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Robert W. Baird increased their price target on Trade Desk from $110.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Macquarie upped their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Friday, October 11th. Benchmark lifted their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a "sell" rating in a research note on Friday, August 9th. Finally, Wolfe Research initiated coverage on shares of Trade Desk in a report on Tuesday, July 16th. They issued an "outperform" rating and a $115.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.60.

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.