Stock Buyback Program Declared by Trade Desk (NASDAQ:TTD)

Trade Desk (NASDAQ:TTD) announced that its board has authorized a share buyback program on Thursday, November 6th, RTT News reports. The company plans to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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. The stock had a trading volume of 23,457,246 shares, compared to its average volume of 9,389,817. The company has a market capitalization of $22.44 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 2.55 and a beta of 1.43. The company has a 50-day moving average price of $50.03 and a two-hundred day moving average price of $62.66. Trade Desk has a one year low of $42.96 and a one year high of $141.53.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wedbush raised shares of Trade Desk to a “hold” rating in a research report on Tuesday. Bank of America reaffirmed an “underperform” rating and issued a $55.00 target price (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Morgan Stanley downgraded shares of Trade Desk from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $80.00 to $50.00 in a research report on Wednesday, September 10th. Hsbc Global Res downgraded shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Twenty investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.48.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction dated 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 owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.