Trade Desk (TTD) Scheduled to Post Earnings on Thursday

Trade Desk (NASDAQ:TTD) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Trade Desk has set its Q3 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. Trade Desk’s quarterly revenue was up 25.9% on a year-over-year basis. 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 firm’s 50-day simple moving average is $110.78 and its 200 day simple moving average is $99.72. The firm has a market cap of $58.14 billion, a price-to-earnings ratio of 236.54, a P/E/G ratio of 5.73 and a beta of 1.47.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTD. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a report on Tuesday, October 29th. Robert W. Baird boosted their price target on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. KeyCorp increased their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company assumed coverage on shares of Trade Desk in a research report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.60.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,557,897 shares of company stock valued at $170,121,565. 9.72% of the stock is currently owned by company insiders.

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.