NASDAQ:DRCT

Direct Digital (DRCT) Stock Price, News & Analysis

$4.40
-0.16 (-3.51%)
(As of 11:57 AM ET)
Today's Range
$4.25
$4.70
50-Day Range
$4.54
$32.51
52-Week Range
$1.96
$35.88
Volume
47,003 shs
Average Volume
221,263 shs
Market Capitalization
$62.79 million
P/E Ratio
31.43
Dividend Yield
N/A
Price Target
$21.00

Direct Digital MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
382.8% Upside
$21.00 Price Target
Short Interest
Healthy
4.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
175.00%
From $0.16 to $0.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.60 out of 5 stars

Business Services Sector

63rd out of 312 stocks

Advertising Industry

2nd out of 11 stocks

DRCT stock logo

About Direct Digital Stock (NASDAQ:DRCT)

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. It serves various industry verticals, such as travel, healthcare, education, financial services, consumer products, and other sectors with a focus on small and mid-sized businesses. The company was founded in 2018 and is headquartered in Houston, Texas.

DRCT Stock Price History

DRCT Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
3 Growth Stocks That Could Be Heading Six-Feet Under
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
The Analyst Verdict: Direct Digital Holdings In The Eyes Of 5 Experts
See More Headlines
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Company Calendar

Last Earnings
3/26/2024
Today
5/09/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Advertising
Sub-Industry
N/A
Current Symbol
NASDAQ:DRCT
Fax
N/A
Employees
69
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.00
High Stock Price Target
$23.00
Low Stock Price Target
$19.00
Potential Upside/Downside
+360.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$1.99 million
Pretax Margin
3.37%

Debt

Sales & Book Value

Annual Sales
$157.11 million
Cash Flow
$0.33 per share
Book Value
$0.32 per share

Miscellaneous

Free Float
2,741,000
Market Cap
$65.07 million
Optionable
Not Optionable
Beta
8.24
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Key Executives

  • Mr. Mark D. Walker (Age 48)
    CEO, Co-Founder & Chairman
    Comp: $518.75k
  • Mr. Keith W. Smith (Age 55)
    Co-Founder, President & Director
    Comp: $518.75k
  • Ms. Diana P. Diaz
    Chief Financial Officer
  • Ms. Anu Pillai (Age 53)
    Chief Technology Officer
  • Ms. M. Duyen Le CPA
    Vice President of People & Culture
  • Ms. Maria Vilchez Lowrey (Age 42)
    Chief Growth Officer
  • Ms. Kristie MacDonald
    Chief Executive Officer of Huddled Masses
  • Mr. Douglas Mankiewicz
    Chief Executive Officer of Orange 142
  • Ms. Lashawnda Goffin
    Chief Executive Officer of Colossus SSP

DRCT Stock Analysis - Frequently Asked Questions

Should I buy or sell Direct Digital stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Direct Digital in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DRCT shares.
View DRCT analyst ratings
or view top-rated stocks.

What is Direct Digital's stock price target for 2024?

3 Wall Street analysts have issued 12 month price objectives for Direct Digital's shares. Their DRCT share price targets range from $19.00 to $23.00. On average, they predict the company's stock price to reach $21.00 in the next year. This suggests a possible upside of 382.8% from the stock's current price.
View analysts price targets for DRCT
or view top-rated stocks among Wall Street analysts.

How have DRCT shares performed in 2024?

Direct Digital's stock was trading at $14.88 at the beginning of 2024. Since then, DRCT stock has decreased by 70.8% and is now trading at $4.35.
View the best growth stocks for 2024 here
.

Are investors shorting Direct Digital?

Direct Digital saw a decrease in short interest in April. As of April 15th, there was short interest totaling 121,500 shares, a decrease of 57.8% from the March 31st total of 287,800 shares. Based on an average trading volume of 227,200 shares, the days-to-cover ratio is currently 0.5 days. Approximately 4.8% of the company's shares are short sold.
View Direct Digital's Short Interest
.

When is Direct Digital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our DRCT earnings forecast
.

How were Direct Digital's earnings last quarter?

Direct Digital Holdings, Inc. (NASDAQ:DRCT) announced its earnings results on Tuesday, March, 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.36. The firm had revenue of $41.01 million for the quarter, compared to the consensus estimate of $66.02 million. Direct Digital had a net margin of 1.26% and a trailing twelve-month return on equity of 48.38%. During the same quarter last year, the business earned $0.01 earnings per share.

What guidance has Direct Digital issued on next quarter's earnings?

Direct Digital updated its FY 2024 earnings guidance on Tuesday, March, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $170.0 million-$190.0 million, compared to the consensus revenue estimate of $242.6 million.

When did Direct Digital IPO?

Direct Digital (DRCT) raised $18 million in an initial public offering (IPO) on Friday, February 11th 2022. The company issued 2,200,000 shares at $7.00-$9.00 per share. The Benchmark Company and Roth Capital Partners served as the underwriters for the IPO.

Who are Direct Digital's major shareholders?

Direct Digital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Denali Advisors LLC (0.11%).
View institutional ownership trends
.

How do I buy shares of Direct Digital?

Shares of DRCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DRCT) was last updated on 5/9/2024 by MarketBeat.com Staff

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