Direct Digital (NASDAQ:DRCT) Issues Earnings Results

Direct Digital (NASDAQ:DRCT) posted its earnings results on Tuesday. The company reported ($22.00) earnings per share for the quarter, missing the consensus estimate of ($17.58) by ($4.42), FiscalAI reports. The firm had revenue of $8.41 million for the quarter, compared to analysts’ expectations of $7.74 million. During the same period last year, the firm earned ($29.88) EPS.

Direct Digital Stock Performance

NASDAQ DRCT traded down $0.03 on Wednesday, hitting $0.79. The stock had a trading volume of 28,954 shares, compared to its average volume of 2,606,450. The firm has a 50-day moving average of $1.44 and a 200-day moving average of $7.77. Direct Digital has a 52-week low of $0.72 and a 52-week high of $67.65. The company has a market capitalization of $431,750.00, a price-to-earnings ratio of -0.01 and a beta of 6.09.

Institutional Investors Weigh In On Direct Digital

A hedge fund recently raised its stake in Direct Digital stock. XTX Topco Ltd grew its stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,787 shares of the company’s stock after buying an additional 38,534 shares during the quarter. XTX Topco Ltd owned 0.28% of Direct Digital worth $30,000 at the end of the most recent quarter. 4.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated 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 research report on Saturday, January 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $330.00.

About Direct Digital

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.