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

Direct Digital (NASDAQ:DRCT) posted its quarterly earnings results on Wednesday. The company reported ($5.78) earnings per share for the quarter, beating analysts’ consensus estimates of ($9.60) by $3.82, Zacks reports.

Direct Digital Trading Up 0.7%

NASDAQ:DRCT traded up $0.02 during midday trading on Wednesday, hitting $2.77. 46,160 shares of the company were exchanged, compared to its average volume of 362,346. The company has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $3.94. Direct Digital has a fifty-two week low of $2.17 and a fifty-two week high of $113.81. The company has a market capitalization of $2.05 million, a PE ratio of -0.01 and a beta of 5.33.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Direct Digital in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Direct Digital

A hedge fund recently raised its position in Direct Digital stock. XTX Topco Ltd lifted its position in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,787 shares of the company’s stock after purchasing 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 reporting period. Institutional investors and hedge funds 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.