Direct Digital (NASDAQ:DRCT – Get Rating) had its target price hoisted by Benchmark to $9.00 in a research report sent to investors on Monday morning, Stock Target Advisor reports.
Separately, Noble Financial initiated coverage on shares of Direct Digital in a research note on Tuesday, July 12th. They issued an outperform rating and a $5.50 price objective on the stock.
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DRCT opened at $2.95 on Monday. Direct Digital has a fifty-two week low of $1.16 and a fifty-two week high of $5.49. The stock's 50 day simple moving average is $1.70.
Direct Digital (NASDAQ:DRCT – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.13. The business had revenue of $21.26 million for the quarter, compared to the consensus estimate of $14.36 million. Equities research analysts forecast that Direct Digital will post -0.05 EPS for the current fiscal year.Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Direct Digital stock. UBS Group AG bought a new stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,195 shares of the company's stock, valued at approximately $31,000. UBS Group AG owned 0.26% of Direct Digital as of its most recent SEC filing. 9.64% of the stock is currently owned by hedge funds and other institutional investors.
About Direct Digital
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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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