Direct Digital (NASDAQ:DRCT) Issues Earnings Results

Direct Digital (NASDAQ:DRCT) issued its quarterly earnings results on Tuesday. The company reported ($33.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($17.58) by ($15.53), FiscalAI reports. The business had revenue of $8.41 million during the quarter, compared to analysts’ expectations of $7.74 million.

Direct Digital Stock Up 4.9%

Shares of DRCT traded up $0.04 during trading hours on Tuesday, reaching $0.81. 65,613 shares of the company traded hands, compared to its average volume of 104,188. Direct Digital has a 12 month low of $0.72 and a 12 month high of $67.65. The company’s fifty day moving average price is $1.44 and its two-hundred day moving average price is $7.77. The company has a market capitalization of $445,500.00, a price-to-earnings ratio of -0.01 and a beta of 6.09.

Institutional Trading of Direct Digital

An institutional investor recently raised its position in Direct Digital stock. XTX Topco Ltd grew its position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 53,787 shares of the company’s stock after acquiring an additional 38,534 shares during the period. XTX Topco Ltd owned about 0.28% of Direct Digital worth $30,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.02% of the company’s stock.

Analysts Set New Price Targets

DRCT has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Direct Digital in a research note on Wednesday, January 21st. Wall Street Zen upgraded Direct Digital to a “sell” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Direct Digital has an average rating of “Hold” and an average target price of $330.00.

Direct Digital Company Profile

Direct Digital Holdings, Inc (NASDAQ: DRCT) is a provider of cloud-based marketing software and services tailored to mortgage lenders and real estate professionals. The company’s integrated platform is designed to help its clients generate, nurture and convert leads through customer relationship management (CRM), automated marketing campaigns, customizable websites and digital content delivery. By combining proprietary tools with expert support, Direct Digital enables users to streamline workflows, improve customer engagement and drive growth in competitive markets.

The company’s flagship offerings include a CRM system that centralizes prospect and client data, marketing automation that triggers timely email and digital campaigns, and website solutions that are optimized for lead capture and search-engine visibility.