Trade Desk (NASDAQ:TTD) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Trade Desk (NASDAQ:TTD - Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07, Briefing.com reports. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. During the same quarter last year, the company posted $0.26 EPS. The company's quarterly revenue was up 25.4% compared to the same quarter last year. Trade Desk updated its Q2 2025 guidance to EPS.

Trade Desk Trading Up 12.6%

NASDAQ:TTD traded up $8.96 on Monday, hitting $80.00. The company's stock had a trading volume of 23,794,715 shares, compared to its average volume of 5,837,079. Trade Desk has a one year low of $42.96 and a one year high of $141.53. The firm has a market capitalization of $39.68 billion, a P/E ratio of 102.54, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The stock has a fifty day moving average of $54.62 and a two-hundred day moving average of $94.99.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. DA Davidson dropped their price objective on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday. Needham & Company LLC restated a "buy" rating and issued a $84.00 price objective on shares of Trade Desk in a report on Friday. Oppenheimer lifted their target price on shares of Trade Desk from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday. HSBC set a $75.00 price target on Trade Desk and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets decreased their price objective on Trade Desk from $160.00 to $115.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Moderate Buy" and an average target price of $98.88.

Trade Desk declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trade Desk stock. Brighton Jones LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,586 shares of the technology company's stock after purchasing an additional 169 shares during the period. Brighton Jones LLC's holdings in Trade Desk were worth $539,000 at the end of the most recent quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.