Direct Digital Holdings, Inc. (NASDAQ:DRCT – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 10,353 shares, a drop of 44.0% from the May 14th total of 18,481 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 22,072 shares, the short-interest ratio is presently 0.5 days.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Direct Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
View Our Latest Stock Report on DRCT
Institutional Trading of Direct Digital
Direct Digital Trading Down 0.3%
Shares of NASDAQ:DRCT traded down $0.01 during trading on Monday, hitting $3.02. 43,601 shares of the stock were exchanged, compared to its average volume of 482,613. The company has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $7.75. The company has a market cap of $2.24 million, a PE ratio of -0.01 and a beta of 5.33. Direct Digital has a 12-month low of $2.17 and a 12-month high of $172.70.
Direct Digital (NASDAQ:DRCT – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($7.25) EPS for the quarter, topping the consensus estimate of ($7.74) by $0.49. The firm had revenue of $6.68 million for the quarter, compared to analysts’ expectations of $6.82 million. Equities research analysts anticipate that Direct Digital will post -12.75 earnings per share for the current fiscal year.
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.
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