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

Trade Desk (NASDAQ:TTD - Get Free Report) posted its earnings results on Thursday. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07, Briefing.com reports. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. During the same period last year, the business posted $0.26 earnings per share. The firm'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 Stock Up 18.6 %

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Shares of NASDAQ:TTD traded up $11.14 during trading on Friday, reaching $71.04. 48,867,132 shares of the company traded hands, compared to its average volume of 5,755,272. The firm has a fifty day simple moving average of $54.62 and a 200 day simple moving average of $95.31. Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $35.24 billion, a P/E ratio of 91.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29.

Trade Desk announced that its board has initiated a share repurchase program on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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Several research analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Cfra Research raised Trade Desk to a "moderate buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus reduced their price target on Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Susquehanna cut their price objective on shares of Trade Desk from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, February 13th. Finally, HSBC set a $75.00 target price on shares of Trade Desk and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $98.88.

Read Our Latest Stock Report on TTD

Institutional Trading of Trade Desk

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An institutional investor recently raised its position in Trade Desk stock. Bison Wealth LLC grew its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,480 shares of the technology company's stock after buying an additional 485 shares during the quarter. Bison Wealth LLC's holdings in Trade Desk were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 67.77% of the stock is owned by hedge funds and other institutional investors.

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.

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