Wedbush Has Optimistic Outlook of Trade Desk FY2025 Earnings

The Trade Desk (NASDAQ:TTD) – Research analysts at Wedbush boosted their FY2025 earnings per share estimates for Trade Desk in a research report issued on Thursday, July 17th. Wedbush analyst S. Devitt now anticipates that the technology company will earn $1.01 per share for the year, up from their prior estimate of $0.99. Wedbush currently has a “Outperform” rating and a $86.00 target price on the stock. The consensus estimate for Trade Desk’s current full-year earnings is $1.06 per share. Wedbush also issued estimates for Trade Desk’s Q4 2025 earnings at $0.40 EPS and FY2026 earnings at $1.50 EPS.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. Trade Desk’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS.

Other equities analysts also recently issued research reports about the stock. DA Davidson lowered their target price on shares of Trade Desk from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Citizens Jmp dropped their price objective on Trade Desk from $115.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Citigroup reissued a “buy” rating on shares of Trade Desk in a research report on Tuesday, July 15th. Macquarie upped their price target on Trade Desk from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Finally, KeyCorp raised their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.48.

Trade Desk Trading Down 1.5%

Shares of NASDAQ:TTD opened at $80.21 on Monday. 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 $73.96 and its two-hundred day moving average is $76.62. The company has a market cap of $39.42 billion, a PE ratio of 97.82, a P/E/G ratio of 3.67 and a beta of 1.36.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company’s stock worth $5,033,000 after acquiring an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in Trade Desk during the first quarter worth $995,000. LBP AM SA grew its holdings in Trade Desk by 116.1% in the first quarter. LBP AM SA now owns 64,154 shares of the technology company’s stock valued at $3,511,000 after purchasing an additional 34,465 shares during the last quarter. Peregrine Capital Management LLC increased its position in shares of Trade Desk by 40.2% in the first quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company’s stock valued at $31,731,000 after buying an additional 166,332 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Trade Desk by 50.4% in the first quarter. Crossmark Global Holdings Inc. now owns 5,407 shares of the technology company’s stock valued at $296,000 after buying an additional 1,811 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director owned 66,985 shares of the company’s stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.72% of the company’s stock.

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.