Direct Digital (NASDAQ:DRCT) Announces Quarterly Earnings Results

Direct Digital (NASDAQ:DRCT) posted its earnings results on Thursday. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.24, Zacks reports. Direct Digital had a negative net margin of 5.61% and a negative return on equity of 25.66%. Direct Digital updated its FY 2025 guidance to EPS.

Direct Digital Trading Up 71.6 %

Shares of NASDAQ DRCT traded up $0.56 during midday trading on Thursday, hitting $1.33. 23,455,040 shares of the company’s stock were exchanged, compared to its average volume of 907,606. The business’s fifty day moving average price is $1.05 and its two-hundred day moving average price is $1.68. The company has a market cap of $19.50 million, a price-to-earnings ratio of -1.14 and a beta of 6.61. Direct Digital has a 12-month low of $0.51 and a 12-month high of $17.77.

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.