DA Davidson Brokers Lift Earnings Estimates for Trade Desk

The Trade Desk (NASDAQ:TTD) – Equities research analysts at DA Davidson lifted their FY2025 EPS estimates for Trade Desk in a research note issued to investors on Monday, August 11th. DA Davidson analyst T. White now forecasts that the technology company will post earnings of $0.85 per share for the year, up from their prior estimate of $0.80. DA Davidson has a “Buy” rating and a $92.00 price target on the stock. The consensus estimate for Trade Desk’s current full-year earnings is $1.06 per share. DA Davidson also issued estimates for Trade Desk’s FY2026 earnings at $0.99 EPS.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The company had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. Trade Desk’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share.

TTD has been the topic of a number of other reports. KeyCorp increased their target price on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Arete Research raised shares of Trade Desk to a “strong sell” rating in a report on Monday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 target price on shares of Trade Desk in a report on Monday. Stifel Nicolaus reduced their price objective on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $86.00 price objective on shares of Trade Desk in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.

Trade Desk Stock Down 6.6%

Trade Desk stock opened at $50.76 on Wednesday. Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The company’s 50 day moving average is $74.61 and its two-hundred day moving average is $71.51. The firm has a market cap of $24.95 billion, a PE ratio of 61.16, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. acquired a new position in shares of Trade Desk in the second quarter worth about $310,000. PDT Partners LLC acquired a new stake in shares of Trade Desk during the second quarter worth approximately $3,117,000. Viking Global Investors LP acquired a new stake in shares of Trade Desk during the second quarter worth approximately $192,524,000. Ausdal Financial Partners Inc. boosted its holdings in shares of Trade Desk by 5.3% during the second quarter. Ausdal Financial Partners Inc. now owns 13,004 shares of the technology company’s stock worth $936,000 after purchasing an additional 653 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Trade Desk by 1.7% during the second quarter. California State Teachers Retirement System now owns 697,528 shares of the technology company’s stock worth $50,215,000 after purchasing an additional 11,741 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is currently owned by company insiders.

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.