Direct Digital (DRCT) to Release Quarterly Earnings on Thursday

Direct Digital (NASDAQ:DRCT – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Direct Digital has set its FY 2022 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Direct Digital (NASDAQ:DRCT – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $11.37 million for the quarter, compared to analysts’ expectations of $11.02 million. On average, analysts expect Direct Digital to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Direct Digital Price Performance

Shares of DRCT stock opened at $2.15 on Thursday. The company has a 50-day moving average price of $1.56. Direct Digital has a twelve month low of $1.16 and a twelve month high of $5.49.

Hedge Funds Weigh In On Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. UBS Group AG bought a new stake in Direct Digital Holdings, Inc. (NASDAQ:DRCT – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,195 shares of the company’s stock, valued at approximately $31,000. UBS Group AG owned approximately 0.26% of Direct Digital as of its most recent SEC filing. Hedge funds and other institutional investors own 9.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Noble Financial initiated coverage on Direct Digital in a report on Tuesday, July 12th. They issued an “outperform” rating and a $5.50 price target for the company.

About Direct Digital

(Get Rating)

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.

Read More

• Get a free copy of the StockNews.com research report on Direct Digital (DRCT)
• Two High-Yield Deep-Values You Shouldn’t Ignore 
• Is Starbucks Shooting For The Moon? 
• PayPal Continues To Struggle As Competition Increases
• Caterpillar Falls To Strong Support Near Bottom Of Range 
• Proposed Tesla Stock Split Drives EV Market Higher 

Want More Great Investing Ideas?