Direct Digital (NASDAQ:DRCT) Announces Quarterly Earnings Results

Direct Digital (NASDAQ:DRCT) posted its 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 for the quarter, compared to analyst estimates of $7.74 million.

Direct Digital Stock Performance

DRCT traded up $0.04 on Tuesday, reaching $0.81. The company had a trading volume of 65,613 shares, compared to its average volume of 104,188. Direct Digital has a 52-week low of $0.72 and a 52-week high of $67.65. The company has a market cap of $445,500.00, a price-to-earnings ratio of -0.01 and a beta of 6.09. The business has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $7.77.

Wall Street Analysts Forecast Growth

DRCT has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Direct Digital in a report on Wednesday, January 21st. Wall Street Zen upgraded Direct Digital to a “sell” rating in a research report on Saturday, January 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $330.00.

Institutional Trading of Direct Digital

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

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.