Noble Financial Predicts Weaker Earnings for Direct Digital

Direct Digital Holdings, Inc. (NASDAQ:DRCT) – Equities researchers at Noble Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Direct Digital in a research report issued to clients and investors on Wednesday, November 13th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of ($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 data on Tuesday, October 15th. The company reported ($0.16) earnings per share for the quarter. The firm 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%.

Direct Digital Stock Performance

Shares of Direct Digital stock opened at $1.93 on Friday. The stock’s 50-day moving average is $2.53 and its 200 day moving average is $3.33. Direct Digital has a one year low of $1.85 and a one year high of $35.88.

Institutional Trading of Direct Digital

An institutional investor recently bought a new position in Direct Digital stock. Privium Fund Management UK Ltd purchased a new position in Direct Digital Holdings, Inc. (NASDAQ:DRCT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,925 shares of the company’s stock, valued at approximately $91,000. Privium Fund Management UK Ltd owned 0.15% of Direct Digital at the end of the most recent reporting period. Institutional investors 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.