Trade Desk (NASDAQ:TTD) Posts Earnings Results, Misses Expectations By $0.21 EPS

Trade Desk (NASDAQ:TTD - Get Free Report) announced its quarterly earnings data on Wednesday. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21), Zacks reports. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. Trade Desk updated its Q1 2025 guidance to EPS.

Trade Desk Stock Performance

NASDAQ TTD traded down $1.76 during trading on Friday, hitting $80.16. The stock had a trading volume of 19,263,876 shares, compared to its average volume of 3,555,681. The stock has a market capitalization of $39.56 billion, a price-to-earnings ratio of 131.41, a P/E/G ratio of 3.63 and a beta of 1.45. Trade Desk has a one year low of $73.68 and a one year high of $141.53. The stock has a 50 day simple moving average of $120.93 and a 200 day simple moving average of $115.40.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company's stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was 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 directly owns 169,464 shares of the company's stock, 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 valued at $5,004,296 over the last 90 days. Insiders own 9.72% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on Trade Desk from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday. JMP Securities cut their price objective on Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a report on Thursday. Oppenheimer cut their price objective on Trade Desk from $135.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday. Wedbush lifted their price objective on Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Finally, Truist Financial dropped their target price on Trade Desk from $155.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $119.77.

Trade Desk announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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.