Trade Desk (NASDAQ:TTD) Releases Earnings Results, Misses Estimates By $0.21 EPS

Trade Desk (NASDAQ:TTD) released its quarterly earnings results on Wednesday. The technology company reported $0.36 EPS 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 Stock Down 31.9 %

Shares of NASDAQ TTD traded down $38.95 during mid-day trading on Thursday, reaching $83.29. 18,432,441 shares of the company were exchanged, compared to its average volume of 4,484,090. Trade Desk has a twelve month low of $72.21 and a twelve month high of $141.53. The stock has a market capitalization of $41.11 billion, a P/E ratio of 136.31, a P/E/G ratio of 3.63 and a beta of 1.45. The company’s 50-day simple moving average is $123.20 and its 200-day simple moving average is $115.54.

Trade Desk declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business’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 completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction that occurred 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 owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock valued at $5,004,296 in the last three months. 9.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their target price on Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday. Scotiabank initiated coverage on Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price objective for the company. BMO Capital Markets upped their target price on shares of Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. KeyCorp lifted their price target on shares of Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley cut their price objective on shares of Trade Desk from $145.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $129.27.

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.