Noble Financial Weighs in on Direct Digital FY2024 Earnings

Direct Digital Holdings, Inc. (NASDAQ:DRCT) – Investment analysts at Noble Financial dropped their FY2024 earnings per share (EPS) 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 earn ($1.45) per share for the year, down from their previous forecast 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 (NASDAQ:DRCT) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $21.86 million during the quarter. Direct Digital had a negative return on equity of 25.66% and a negative net margin of 5.61%.

Direct Digital Price Performance

Shares of NASDAQ DRCT opened at $1.93 on Friday. The firm has a 50-day simple moving average of $2.53 and a two-hundred day simple moving average of $3.33. Direct Digital has a 1 year low of $1.85 and a 1 year high of $35.88.

Hedge Funds Weigh In On Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd acquired a new stake in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned about 0.15% of Direct Digital at the end of the most recent reporting period. Institutional investors and hedge funds own 4.02% of the company’s stock.

About Direct Digital

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.