Trade Desk (NASDAQ:TTD) Board of Directors Declares Stock Buyback Plan

Trade Desk (NASDAQ:TTD) announced that its board has authorized a stock buyback 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 stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Trade Desk Stock Performance

TTD opened at $45.90 on Friday. The business’s 50-day simple moving average is $50.03 and its 200 day simple moving average is $62.66. Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The firm has a market capitalization of $22.44 billion, a PE ratio of 55.30, a PEG ratio of 2.55 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Trade Desk will post 1.06 earnings per share for the current year.

Analysts Set New Price Targets

TTD has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Trade Desk in a research report on Wednesday, October 8th. Morgan Stanley lowered Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $80.00 to $50.00 in a research report on Wednesday, September 10th. JMP Securities set a $60.00 price objective on Trade Desk and gave the company a “market outperform” rating in a report on Tuesday, September 30th. KeyCorp increased their target price on Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Hsbc Global Res downgraded shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Twenty analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.48.

Insiders Place Their Bets

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company’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 sale, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.00% 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.