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

Trade Desk (NASDAQ:TTD) will likely be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Trade Desk has set its Q1 2025 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. 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 Down 0.2 %

Trade Desk stock opened at $80.03 on Wednesday. The firm has a market cap of $39.50 billion, a PE ratio of 131.20, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. Trade Desk has a 52-week low of $76.12 and a 52-week high of $141.53. The company’s 50 day moving average is $119.84 and its two-hundred day moving average is $115.53.

Trade Desk announced that its Board of Directors has approved a share buyback plan 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 plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 4,298 shares of Trade Desk 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 sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated 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 sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TTD. KeyCorp increased their price objective on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Morgan Stanley lowered their price objective on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. BMO Capital Markets lowered their price objective on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Wedbush raised their target price on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, JMP Securities reduced their target price on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.97.

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.