FY2024 EPS Estimates for Direct Digital Decreased by Analyst

Direct Digital Holdings, Inc. (NASDAQ:DRCT) – Equities researchers at Noble Financial decreased their FY2024 earnings per share estimates for shares of Direct Digital in a report released on Wednesday, November 13th. Noble Financial analyst M. Kupinski now expects that the company will earn ($1.45) per share for the year, down from their previous forecast of $0.02. The consensus estimate for Direct Digital’s current full-year earnings is $0.16 per share. Noble Financial also issued estimates for Direct Digital’s Q4 2024 earnings at ($0.36) EPS and FY2025 earnings at ($0.22) EPS.

Direct Digital Stock Down 18.7 %

DRCT opened at $1.57 on Friday. The company has a market cap of $23.02 million, a PE ratio of -1.34 and a beta of 7.45. Direct Digital has a twelve month low of $1.56 and a twelve month high of $35.88. The company has a 50-day moving average price of $2.49 and a 200 day moving average price of $3.29.

Direct Digital (NASDAQ:DRCT) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.16) EPS for the quarter. The company had revenue of $21.86 million during the quarter. Direct Digital had a negative return on equity of 25.66% and a negative net margin of 5.61%.

Hedge Funds Weigh In On Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd acquired a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned approximately 0.15% of Direct Digital as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.02% of the company’s stock.

About Direct Digital

Direct Digital Holdings, Inc operates as an end-to-end full-service programmatic advertising platform. The company's platform primarily focuses on providing advertising technology, data-driven campaign optimization, and other solutions to underserved and less efficient markets on both the buy- and sell-side of the digital advertising ecosystem.