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

Trade Desk (NASDAQ:TTD) announced its 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

Shares of TTD traded down $38.95 on Thursday, reaching $83.29. 18,432,441 shares of the stock traded hands, compared to its average volume of 4,484,090. The firm has a market cap of $41.11 billion, a price-to-earnings ratio of 136.31, a P/E/G ratio of 3.63 and a beta of 1.45. Trade Desk has a 12 month low of $72.21 and a 12 month high of $141.53. The stock’s 50-day moving average price is $123.20 and its 200-day moving average price is $115.54.

Analyst Ratings Changes

TTD has been the subject of several research analyst reports. Wedbush upped their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Benchmark reiterated a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Trade Desk in a research report on Thursday. BTIG Research increased their price target on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Loop Capital boosted their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.27.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The shares were 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 owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business’s 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 transaction, the insider now owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % 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 valued at $5,004,296. Company 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.