Direct Digital (NASDAQ:DRCT) Posts Earnings Results, Beats Estimates By $3.82 EPS

Direct Digital (NASDAQ:DRCT) released its quarterly earnings data on Wednesday. The company reported ($5.78) EPS for the quarter, topping analysts’ consensus estimates of ($9.60) by $3.82, Zacks reports.

Direct Digital Stock Performance

Shares of NASDAQ:DRCT traded up $0.02 on Wednesday, hitting $2.77. The stock had a trading volume of 44,378 shares, compared to its average volume of 362,346. The company has a market capitalization of $2.05 million, a price-to-earnings ratio of -0.01 and a beta of 5.33. The firm’s 50 day moving average price is $2.73 and its 200-day moving average price is $3.94. Direct Digital has a twelve month low of $2.17 and a twelve month high of $113.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Direct Digital in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Direct Digital has a consensus rating of “Sell”.

Institutional Trading of Direct Digital

A hedge fund recently raised its position in Direct Digital stock. XTX Topco Ltd lifted its holdings in Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,787 shares of the company’s stock after acquiring an additional 38,534 shares during the quarter. XTX Topco Ltd owned approximately 0.28% of Direct Digital worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.02% of the company’s stock.

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.