Direct Digital Holdings, Inc. (NASDAQ:DRCT) Director Sells $14,739.00 in Stock

Direct Digital Holdings, Inc. (NASDAQ:DRCT) Director Antoinette Renee Leatherberry sold 2,890 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $5.10, for a total transaction of $14,739.00. Following the transaction, the director now owns 38,071 shares in the company, valued at $194,162.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Direct Digital Stock Performance

NASDAQ DRCT opened at $3.79 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 3.51. Direct Digital Holdings, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $35.88. The business has a fifty day moving average of $5.09 and a 200-day moving average of $12.03. The stock has a market cap of $54.08 million, a price-to-earnings ratio of 27.07 and a beta of 7.77.

Direct Digital (NASDAQ:DRCT) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.36). The company had revenue of $41.01 million for the quarter, compared to analysts’ expectations of $66.02 million. Direct Digital had a return on equity of 48.38% and a net margin of 1.26%. During the same quarter in the prior year, the business posted $0.01 EPS. As a group, analysts predict that Direct Digital Holdings, Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Direct Digital

A number of institutional investors have recently modified their holdings of the company. Intrinsic Edge Capital Management LLC purchased a new stake in Direct Digital in the 4th quarter worth approximately $1,155,000. Denali Advisors LLC purchased a new stake in shares of Direct Digital in the fourth quarter valued at $359,000. Raymond James & Associates purchased a new stake in shares of Direct Digital in the fourth quarter valued at $404,000. Finally, Perritt Capital Management Inc. lifted its position in Direct Digital by 31.2% during the third quarter. Perritt Capital Management Inc. now owns 52,480 shares of the company’s stock worth $134,000 after buying an additional 12,480 shares during the period. Institutional investors and hedge funds own 4.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Roth Mkm reduced their price objective on Direct Digital from $27.50 to $19.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Noble Financial reiterated a “market perform” rating on shares of Direct Digital in a research report on Wednesday, March 27th. Finally, Benchmark restated a “buy” rating and set a $23.00 target price on shares of Direct Digital in a report on Wednesday, April 24th.

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.