Share Repurchase Plan Declared by Trade Desk (NASDAQ:TTD)

Trade Desk (NASDAQ:TTD) 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

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) 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

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.

Insider Transactions at Trade Desk

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

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.