Direct Digital (NASDAQ:DRCT – Get Rating) issued its earnings results on Thursday. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.13, reports. The firm had revenue of $21.26 million during the quarter, compared to the consensus estimate of $14.36 million.
Direct Digital Stock Up 1.7 %
Shares of NASDAQ DRCT opened at $3.05 on Friday. The firm's 50-day simple moving average is $1.68. Direct Digital has a 1 year low of $1.16 and a 1 year high of $5.49.
Get Direct Digital alerts:Institutional Investors Weigh In On Direct Digital
An institutional investor recently bought a new position 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 the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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. 9.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Noble Financial began coverage on Direct Digital in a report on Tuesday, July 12th. They set an "outperform" rating and a $5.50 price objective 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.
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