Noble Financial Forecasts Weaker Earnings for Direct Digital

Direct Digital Holdings, Inc. (NASDAQ:DRCT) – Analysts at Noble Financial decreased their FY2024 earnings estimates for shares of Direct Digital in a report issued on Wednesday, November 13th. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of ($1.45) for the year, down from their previous estimate of $0.02. The consensus estimate for Direct Digital’s current full-year earnings is $0.16 per share. Noble Financial also issued estimates for Direct Digital’s Q4 2024 earnings at ($0.36) EPS and FY2025 earnings at ($0.22) EPS.

Direct Digital Stock Performance

Shares of NASDAQ:DRCT opened at $1.57 on Friday. The company has a market capitalization of $23.02 million, a PE ratio of -1.34 and a beta of 7.45. The stock has a fifty day moving average of $2.51 and a 200-day moving average of $3.32. Direct Digital has a one year low of $1.56 and a one year high of $35.88.

Direct Digital (NASDAQ:DRCT) last issued its earnings results on Tuesday, October 15th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $21.86 million for the quarter. Direct Digital had a negative return on equity of 25.66% and a negative net margin of 5.61%.

Institutional Trading of Direct Digital

A hedge fund recently bought a new stake in Direct Digital stock. Privium Fund Management UK Ltd bought a new position in Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital as of its most recent SEC filing. 4.02% of the stock is owned by institutional investors.

Direct Digital Company Profile

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.