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

Trade Desk (NASDAQ:TTD - Get Free Report) is expected to announce its Q1 2025 earnings results after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $575.62 million for the quarter. Trade Desk has set its Q1 2025 guidance at EPS.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. 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 Up 1.9 %

Shares of NASDAQ:TTD traded up $1.03 on Friday, reaching $54.09. 10,777,609 shares of the company's stock were exchanged, compared to its average volume of 5,451,451. The business's 50-day moving average is $55.63 and its two-hundred day moving average is $97.18. Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a market capitalization of $26.83 billion, a price-to-earnings ratio of 69.35, a PEG ratio of 3.11 and a beta of 1.29.

Trade Desk announced that its board has authorized a stock 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 buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TTD shares. Evercore ISI cut Trade Desk from an "outperform" rating to an "inline" rating and dropped their price target for the stock from $135.00 to $90.00 in a research report on Thursday, February 13th. JMP Securities cut their target price on Trade Desk from $150.00 to $115.00 and set a "market outperform" rating on the stock in a research note on Thursday, February 13th. Wedbush upped their price target on shares of Trade Desk from $135.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Cantor Fitzgerald cut their price objective on shares of Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, KeyCorp decreased their target price on shares of Trade Desk from $74.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $100.84.

Institutional Trading of Trade Desk

An institutional investor recently raised its position in Trade Desk stock. Brighton Jones LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,586 shares of the technology company's stock after acquiring an additional 169 shares during the quarter. Brighton Jones LLC's holdings in Trade Desk were worth $539,000 as of its most recent SEC filing. Institutional investors and hedge funds own 67.77% of the company's stock.

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.