Trade Desk (TTD) Set to Announce Earnings on Thursday

Trade Desk (NASDAQ:TTD) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Trade Desk to post earnings of $0.40 per share for the quarter. Trade Desk has set its Q3 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. 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 Performance

NASDAQ TTD opened at $118.27 on Tuesday. Trade Desk has a 52-week low of $60.23 and a 52-week high of $123.85. The company has a fifty day moving average of $110.78 and a 200-day moving average of $99.72. The company has a market capitalization of $58.14 billion, a P/E ratio of 236.54, a P/E/G ratio of 5.73 and a beta of 1.47.

Insider Activity at Trade Desk

In other news, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock worth $170,121,565 over the last ninety days. 9.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TTD has been the subject of a number of recent research reports. BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer upped their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Robert W. Baird upped their price target on shares of Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Wolfe Research assumed coverage on Trade Desk in a report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $115.60.

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.