Direct Digital (DRCT) News Today

$3.85
+0.05 (+1.32%)
(As of 05/17/2024 ET)
3 Growth Stocks That Could Be Heading Six-Feet Under
Short Interest in Direct Digital Holdings, Inc. (NASDAQ:DRCT) Drops By 57.8%
Direct Digital Holdings, Inc. (NASDAQ:DRCT - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 121,500 shares, a decline of 57.8% from the March 31st total of 287,800 shares. Based on an average daily volume of 227,200 shares, the days-to-cover ratio is presently 0.5 days. Approximately 4.8% of the shares of the company are sold short.
The Analyst Verdict: Direct Digital Holdings In The Eyes Of 5 Experts
Direct Digital (NASDAQ:DRCT) Rating Reiterated by Benchmark
Benchmark reissued a "buy" rating and set a $23.00 price target on shares of Direct Digital in a research report on Wednesday.
Direct Digital Holdings, Inc. (NASDAQ:DRCT) Short Interest Up 17.5% in March
Direct Digital Holdings, Inc. (NASDAQ:DRCT - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 287,800 shares, an increase of 17.5% from the March 15th total of 244,900 shares. Based on an average daily volume of 257,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 11.3% of the company's stock are sold short.
Direct Digital Holdings, Inc. Forecasted to Earn Q1 2024 Earnings of ($0.15) Per Share (NASDAQ:DRCT)
Direct Digital Holdings, Inc. (NASDAQ:DRCT - Free Report) - Stock analysts at Noble Financial issued their Q1 2024 EPS estimates for Direct Digital in a research note issued to investors on Wednesday, March 27th. Noble Financial analyst M. Kupinski forecasts that the company will post earnings of
Equities Analysts Offer Predictions for Direct Digital Holdings, Inc.'s Q2 2024 Earnings (NASDAQ:DRCT)
Direct Digital Holdings, Inc. (NASDAQ:DRCT - Free Report) - Investment analysts at Roth Capital cut their Q2 2024 earnings per share (EPS) estimates for Direct Digital in a research note issued on Wednesday, March 27th. Roth Capital analyst D. Aftahi now expects that the company will earn $0.19 p
Direct Digital (NASDAQ:DRCT) Given New $19.00 Price Target at Roth Mkm
Roth Mkm lowered their target price on shares of Direct Digital from $27.50 to $19.00 and set a "buy" rating on the stock in a research note on Wednesday.
Direct Digital (NASDAQ:DRCT) Posts Earnings Results
Direct Digital (NASDAQ:DRCT - Get Free Report) released its earnings results on Tuesday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.36). The company had revenue of $41.01 million during the quarter, compared to analyst estimates of $66.02 million. Direct Digital had a net margin of 2.32% and a return on equity of 78.67%. During the same period in the previous year, the company posted $0.01 EPS.
Why Is Direct Digital (DRCT) Stock Down 45% Today?
Direct Digital (NASDAQ:DRCT) Stock Rating Reaffirmed by Noble Financial
Noble Financial reissued a "market perform" rating on shares of Direct Digital in a research report on Wednesday.
Earnings Preview For Direct Digital Holdings
Direct Digital Holdings, Inc. (NASDAQ:DRCT) Short Interest Down 21.5% in February
Direct Digital Holdings, Inc. (NASDAQ:DRCT - Get Free Report) was the target of a significant decline in short interest in February. As of February 29th, there was short interest totalling 331,700 shares, a decline of 21.5% from the February 14th total of 422,600 shares. Approximately 12.8% of the shares of the company are sold short. Based on an average daily volume of 326,800 shares, the short-interest ratio is presently 1.0 days.
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This page (NASDAQ:DRCT) was last updated on 5/19/2024 by MarketBeat.com Staff

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