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

Direct Digital (NASDAQ:DRCT) issued its earnings results on Thursday. The company reported ($5.78) earnings per share (EPS) for the quarter, beating the consensus estimate of ($9.60) by $3.82, Zacks reports. The firm had revenue of $7.83 million during the quarter, compared to analyst estimates of $8.84 million.

Direct Digital Price Performance

DRCT stock opened at $2.64 on Friday. The company has a fifty day moving average price of $2.71 and a two-hundred day moving average price of $3.79. Direct Digital has a one year low of $2.17 and a one year high of $113.81. The stock has a market cap of $1.95 million, a price-to-earnings ratio of -0.02 and a beta of 5.33.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Direct Digital

A hedge fund recently raised its stake in Direct Digital stock. XTX Topco Ltd boosted its position in Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.28% of Direct Digital worth $30,000 at the end of the most recent reporting period. 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.