Direct Digital (NASDAQ:DRCT) Upgraded by Wall Street Zen to Sell Rating

Direct Digital (NASDAQ:DRCT) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Direct Digital in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Direct Digital has a consensus rating of “Hold” and an average price target of $330.00.

Direct Digital Stock Performance

Shares of NASDAQ:DRCT opened at $0.60 on Friday. The stock has a market capitalization of $327,250.00, a price-to-earnings ratio of -0.01 and a beta of 6.04. Direct Digital has a 1-year low of $0.55 and a 1-year high of $67.65. The company has a 50 day moving average price of $1.11 and a 200 day moving average price of $6.81.

Direct Digital (NASDAQ:DRCT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($22.00) EPS for the quarter, missing analysts’ consensus estimates of ($17.58) by ($4.42). The firm had revenue of $8.41 million during the quarter, compared to the consensus estimate of $7.74 million. During the same period in the previous year, the business earned ($29.88) EPS. On average, sell-side analysts expect that Direct Digital will post -1.91 EPS for the current fiscal year.

Institutional Trading of Direct Digital

A hedge fund recently raised its stake in Direct Digital stock. XTX Topco Ltd increased its stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) by 252.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,787 shares of the company’s stock after purchasing an additional 38,534 shares during the quarter. XTX Topco Ltd owned approximately 0.28% of Direct Digital worth $30,000 as of its most recent filing with the SEC. 4.02% of the stock is currently owned by hedge funds and other institutional investors.

Direct Digital Company Profile

Direct Digital Holdings, Inc (NASDAQ: DRCT) is a provider of cloud-based marketing software and services tailored to mortgage lenders and real estate professionals. The company’s integrated platform is designed to help its clients generate, nurture and convert leads through customer relationship management (CRM), automated marketing campaigns, customizable websites and digital content delivery. By combining proprietary tools with expert support, Direct Digital enables users to streamline workflows, improve customer engagement and drive growth in competitive markets.

The company’s flagship offerings include a CRM system that centralizes prospect and client data, marketing automation that triggers timely email and digital campaigns, and website solutions that are optimized for lead capture and search-engine visibility.