DA Davidson Issues Positive Outlook for Trade Desk Earnings

Key Points

• DA Davidson has raised its FY2025 earnings per share forecast for Trade Desk from $0.80 to $0.85, maintaining a "Buy" rating with a price target of $92.00.
• Trade Desk reported a Q2 EPS of $0.18, missing analysts' expectations of $0.42, but its revenue increased by 18.7% year-over-year to $694.04 million.
• Analyst ratings for Trade Desk show a mixture of opinions, with a total of 21 buy, 12 hold, and 3 sell ratings, reflecting diverse outlooks on the stock's potential.

The Trade Desk (NASDAQ:TTD - Free Report) - Analysts at DA Davidson upped their FY2025 earnings per share estimates for Trade Desk in a note issued to investors on Monday, August 11th. DA Davidson analyst T. White now forecasts that the technology company will post earnings per share of $0.85 for the year, up from their previous forecast of $0.80. DA Davidson currently has a "Buy" rating and a $92.00 price target on the stock. The consensus estimate for Trade Desk's current full-year earnings is $1.06 per share. DA Davidson also issued estimates for Trade Desk's FY2026 earnings at $0.99 EPS.

Several other analysts have also recently commented on TTD. Scotiabank lowered their target price on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. BTIG Research downgraded Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. UBS Group reiterated a "buy" rating and set a $105.00 target price (up from $80.00) on shares of Trade Desk in a research report on Wednesday, July 16th. Bank of America reissued an "underperform" rating and issued a $55.00 price target (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Finally, Citigroup reaffirmed a "neutral" rating and set a $65.00 price objective (down previously from $90.00) on shares of Trade Desk in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.33.

Trade Desk Trading Up 0.2%

NASDAQ:TTD opened at $53.27 on Wednesday. The company has a market capitalization of $26.18 billion, a P/E ratio of 64.18, a price-to-earnings-growth ratio of 2.74 and a beta of 1.37. The firm has a 50-day moving average price of $75.45 and a two-hundred day moving average price of $72.10. Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. Trade Desk's revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently added to or reduced their stakes in TTD. GAMMA Investing LLC increased its stake in Trade Desk by 3,876.8% in the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after acquiring an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in Trade Desk during the first quarter valued at approximately $995,000. LBP AM SA grew its stake in shares of Trade Desk by 116.1% in the 1st quarter. LBP AM SA now owns 64,154 shares of the technology company's stock valued at $3,511,000 after purchasing an additional 34,465 shares during the period. Bryce Point Capital LLC raised its holdings in shares of Trade Desk by 302.9% in the 1st quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company's stock worth $915,000 after buying an additional 12,575 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in shares of Trade Desk by 40.2% in the 1st quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company's stock worth $31,731,000 after buying an additional 166,332 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.00% 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.

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