NASDAQ:DRCT

Direct Digital - DRCT Stock Forecast, Price & News

$2.22

-0.06 (-2.63%)

(As of 09/23/2022 12:00 AM ET)

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Today's Range: $2.13
▼
$2.33
50-Day Range: $1.49
▼
$3.45
52-Week Range: $1.16
▼
$5.49

Volume: 61,315 shs
Average Volume: 57,680 shs
Market Capitalization: $7.02 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.17

Direct Digital MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 177.8% Upside
$6.17 Price Target
Short Interest: Healthy
2.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$187,800 Sold Last Quarter
Proj. Earnings Growth: 39.02%
From $0.41 to $0.57 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Direct Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.17, Direct Digital has a forecasted upside of 177.8% from its current price of $2.22.
Amount of Analyst Coverage
Direct Digital has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.89% of the float of Direct Digital has been sold short.
Short Interest Ratio / Days to Cover
Direct Digital has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Direct Digital has recently decreased by 82.54%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Direct Digital does not currently pay a dividend.
Dividend Growth
Direct Digital does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DRCT.

1.8

News and Social Media Coverage

News Sentiment
Direct Digital has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Direct Digital this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for DRCT on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
2 people have added Direct Digital to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Direct Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $187,800.00 in company stock.
Percentage Held by Institutions
Only 2.41% of the stock of Direct Digital is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Direct Digital are expected to grow by 39.02% in the coming year, from $0.41 to $0.57 per share.

See Top Rated MarketRank™ Stocks Here

About Direct Digital (NASDAQ:DRCT) Stock

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. It serves various industry verticals, such as travel, healthcare, education, financial services, consumer products, etc. with focus on small- and mid-sized businesses. The company was founded in 2018 and is headquartered in Houston, Texas.

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DRCT Stock News Headlines

September 25, 2022 | americanbankingnews.com

Critical Comparison: Direct Digital (NASDAQ:DRCT) and Magnite (NASDAQ:MGNI)

September 16, 2022 | americanbankingnews.com

Reviewing Direct Digital (NASDAQ:DRCT) & OneConnect Financial Technology (NYSE:OCFT)

August 30, 2022 | uk.finance.yahoo.com

Zacks Industry Outlook Highlights The Interpublic Group, Harte Hanks and Direct Digital

August 29, 2022 | finance.yahoo.com

3 Stocks to Watch From the Thriving Advertising & Marketing Industry

August 24, 2022 | forbes.com

Maximizing Profits With New Digital Direct-To-Consumer Formats

August 16, 2022 | finance.yahoo.com

Direct Digital Holdings, Inc. (DRCT) Upgraded to Buy: What Does It Mean for the Stock?

August 16, 2022 | finance.yahoo.com

/C O R R E C T I O N -- Direct Digital Holdings/

August 14, 2022 | seekingalpha.com

Direct Digital Holdings, Inc. (DRCT) CEO Mark Walker on Q2 2020 Results - Earnings Call Transcript

August 10, 2022 | msn.com

Splatoon 3 Direct's Biggest Reveals

August 10, 2022 | msn.com

OCBC enables direct CPF account top-ups from digital app

August 10, 2022 | forbes.com

How A Direct Mail Campaign Can Fuel Your Digital Marketing Strategy

August 9, 2022 | finance.yahoo.com

Live Direct Mail Seminars Return for Fall Retail Marketing Season

August 4, 2022 | finance.yahoo.com

Reminder: Direct Digital Holdings to Report Second Quarter 2022 Financial Results

August 3, 2022 | finance.yahoo.com

Direct Digital Holdings Announces Successful Extension To Existing Non-Dilutive Debt Facility

July 20, 2022 | finance.yahoo.com

Why Direct Digital Shares Are Skyrocketing Today

July 20, 2022 | finance.yahoo.com

GROWTH OF DIRECT DIGITAL HOLDINGS' COLOSSUS SSP REFLECTS STRONG RESULTS GENERATED FOR MULTICULTURAL & GENERAL MARKET PUBLISHERS AND LEADING BRANDS

July 11, 2022 | finance.yahoo.com

Direct Digital Holdings to Report Second Quarter 2022 Financial Results

July 1, 2022 | finance.yahoo.com

Direct Digital Holdings Voted as Top Minority-Owned Business by The Houston Business Journal

June 29, 2022 | finance.yahoo.com

ORANGE142 TAPPED BY EMORY'S GOIZUETA BUSINESS SCHOOL AS DIGITAL ADVERTISING SERVICES PROVIDER

May 27, 2022 | finance.yahoo.com

Direct Digital Holdings to Participate in the Loop Capital Markets 2022 Investor Conference

May 13, 2022 | seekingalpha.com

Twitter, New Relic, FIGS among premarket losers' pack

May 13, 2022 | au.investing.com

Direct Digital Holdings Misses Q1 EPS by 3c

May 13, 2022 | seekingalpha.com

Direct Digital Holdings GAAP EPS of -$0.09, revenue of $11.4M beats by $0.38M

May 13, 2022 | finance.yahoo.com

Direct Digital Holdings Reports First Quarter 2022 Financial Results

May 11, 2022 | finance.yahoo.com

Reminder: Direct Digital Holdings to Report First Quarter 2022 Financial Results

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30 days | 90 days | 365 days | Advanced Chart

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DRCT Company Calendar

Last Earnings: 8/11/2022
Today: 9/25/2022
Next Earnings (Estimated): 11/10/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:DRCT
CUSIP: N/A
CIK: 1880613
Web: www.directdigitalholdings.com
Phone: 832-402-1051
Fax: N/A
Employees: 2,021
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.17
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +177.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $38.14 million
Price / Sales: 0.18
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 3,160,000
Free Float: N/A
Market Cap: $7.02 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Mark D. Walker (Age 46)
CEO & Chairman
Comp: $523.79k

Mr. Keith W. Smith (Age 53)
Founder, Pres & Director
Comp: $556.55k

Ms. Susan Echard (Age 58)
Chief Financial Officer

Ms. Anu Pillai (Age 51)
Chief Technology Officer

Key Competitors

View All Competitors

Insiders & Institutions

W Keith Smith
Sold 60,000 shares
Total: $187,800.00 ($3.13/share)

View All Insider Transactions
View All Institutional Transactions

DRCT Stock - Frequently Asked Questions

Should I buy or sell Direct Digital stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Direct Digital in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DRCT shares.
View DRCT analyst ratings or view top-rated stocks.
What is Direct Digital's stock price forecast for 2022?: 3 Wall Street analysts have issued 12 month price objectives for Direct Digital's shares. Their DRCT share price forecasts range from $4.00 to $9.00. On average, they expect the company's share price to reach $6.17 in the next twelve months. This suggests a possible upside of 177.8% from the stock's current price.
View analysts price targets for DRCT or view top-rated stocks among Wall Street analysts.
How have DRCT shares performed in 2022?: Direct Digital's stock was trading at $3.00 at the beginning of the year. Since then, DRCT shares have decreased by 26.0% and is now trading at $2.22.
View the best growth stocks for 2022 here.
When is Direct Digital's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our DRCT earnings forecast.
How were Direct Digital's earnings last quarter?: Direct Digital Holdings, Inc. (NASDAQ:DRCT) posted its earnings results on Thursday, August, 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.13. The firm earned $21.26 million during the quarter, compared to analyst estimates of $14.36 million.
What guidance has Direct Digital issued on next quarter's earnings?: Direct Digital issued an update on its FY 2022 earnings guidance on Friday, September, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $70.00 million-$75.00 million, compared to the consensus revenue estimate of $51.90 million.

When did Direct Digital IPO?: (DRCT) raised $18 million in an initial public offering (IPO) on Friday, February 11th 2022. The company issued 2,200,000 shares at a price of $7.00-$9.00 per share. The Benchmark Company and Roth Capital Partners acted as the underwriters for the IPO.
What is Direct Digital's stock symbol?: Direct Digital trades on the NASDAQ under the ticker symbol "DRCT."
When did the company's lock-up period expire?: Direct Digital's lock-up period expired on Wednesday, August 10th. Direct Digital had issued 2,800,000 shares in its initial public offering on February 11th. The total size of the offering was $15,400,000 based on an initial share price of $5.50. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.
How do I buy shares of Direct Digital?: Shares of DRCT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Direct Digital's stock price today?: One share of DRCT stock can currently be purchased for approximately $2.22.
How much money does Direct Digital make?: Direct Digital (NASDAQ:DRCT) has a market capitalization of $7.02 million and generates $38.14 million in revenue each year.
How many employees does Direct Digital have?: The company employs 2,021 workers across the globe.
How can I contact Direct Digital?: The official website for the company is www.directdigitalholdings.com. The company can be reached via phone at 832-402-1051.

This page (NASDAQ:DRCT) was last updated on 9/25/2022 by MarketBeat.com Staff

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Direct Digital - DRCT Stock Forecast, Price & News

Direct Digital MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows