Share Repurchase Plan Declared by Trade Desk (NASDAQ:TTD)
Trade Desk (NASDAQ:TTD) has announced a stock buyback program, intending to repurchase $500 million in shares, which represents up to 2.1% of its outstanding shares. This decision, made by the board on November 6th, suggests management believes the stock is undervalued. The company reported a quarterly EPS of $0.45, exceeding estimates, with revenue of $739.43 million, a 17.7% increase year-over-year. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $84.48.
Trade Desk (NASDAQ:TTD - Get Free Report) declared that its Board of Directors has approved a stock repurchase program on Thursday, November 6th, RTT News reports. The company plans to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.
Trade Desk Price Performance
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Trade Desk stock traded down $1.80 during mid-day trading on Thursday, reaching $45.90. 23,457,246 shares of the company traded hands, compared to its average volume of 9,389,817. The firm's 50 day moving average price is $50.03 and its 200 day moving average price is $62.66. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of 55.30, a P/E/G ratio of 2.55 and a beta of 1.43. Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.
Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Trade Desk has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Trade Desk will post 1.06 EPS for the current year.
Analyst Ratings Changes
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TTD has been the topic of several analyst reports. Wall Street Zen raised shares of Trade Desk from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. Scotiabank decreased their target price on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, August 8th. Moffett Nathanson downgraded shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 target price on the stock. in a research note on Friday, August 8th. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the stock a "buy" rating in a research note on Monday, September 29th. Finally, Stifel Nicolaus decreased their target price on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $84.48.
Get Our Latest Stock Analysis on Trade Desk
Insider Transactions at Trade Desk
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In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company's stock, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.00% of the company's stock.
Trade Desk Company Profile
Get Free Report)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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