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

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

Direct Digital Stock Performance

DRCT traded up $0.02 during mid-day trading on Wednesday, reaching $2.77. The stock had a trading volume of 44,378 shares, compared to its average volume of 362,346. The firm’s fifty day simple moving average is $2.73 and its two-hundred day simple moving average is $3.94. The stock has a market capitalization of $2.05 million, a P/E ratio of -0.01 and a beta of 5.33. Direct Digital has a 52 week low of $2.17 and a 52 week high of $113.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Direct Digital in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on 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 increased its position in Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,787 shares of the company’s stock after purchasing an additional 38,534 shares during the quarter. XTX Topco Ltd owned approximately 0.28% of Direct Digital worth $30,000 as of its most recent SEC filing. Institutional investors 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.