Trade Desk (TTD) Projected to Post Earnings on Thursday

Trade Desk (NASDAQ:TTD - Get Free Report) will likely be releasing 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 that are interested in participating in the company's earnings conference call can do so using this link.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results 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 return on equity of 16.38% and a net margin of 16.08%. 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

Shares of TTD traded down $3.67 during midday trading on Friday, hitting $72.06. The stock had a trading volume of 12,785,062 shares, compared to its average volume of 7,245,043. The company has a 50 day simple moving average of $116.48 and a two-hundred day simple moving average of $114.96. Trade Desk has a twelve month low of $71.61 and a twelve month high of $141.53. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 92.38, a price-to-earnings-growth ratio of 3.15 and a beta of 1.45.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TTD shares. KeyCorp increased their price target on Trade Desk from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Susquehanna reduced their price target on Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, February 13th. Morgan Stanley reduced their price target on Trade Desk from $145.00 to $132.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Needham & Company LLC reissued a "buy" rating and set a $145.00 price target on shares of Trade Desk in a research report on Thursday, February 13th. Finally, Truist Financial reduced their target price on Trade Desk from $155.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.45.

Insider Transactions at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm'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 sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. 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 in the last ninety days. Insiders own 9.72% of the company's stock.

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.