Direct Digital Holdings, Inc. (NASDAQ:DRCT) CEO Mark D. Walker Sells 19,315 Shares

Direct Digital Holdings, Inc. (NASDAQ:DRCT – Get Free Report) CEO Mark D. Walker sold 19,315 shares of the firm’s stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $0.52, for a total transaction of $10,043.80. Following the transaction, the chief executive officer owned 104,862 shares of the company’s stock, valued at approximately $54,528.24. This trade represents a 15.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Direct Digital Trading Up 1.7%

NASDAQ:DRCT opened at $0.53 on Friday. Direct Digital Holdings, Inc. has a twelve month low of $0.44 and a twelve month high of $6.59. The company has a 50-day moving average of $0.55 and a 200-day moving average of $0.82. The firm has a market cap of $10.08 million, a price-to-earnings ratio of -0.30 and a beta of 6.07.

Direct Digital (NASDAQ:DRCT – Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.30). The business had revenue of $8.16 million for the quarter, compared to the consensus estimate of $9.40 million. On average, research analysts forecast that Direct Digital Holdings, Inc. will post -1.91 earnings per share for the current year.

Institutional Inflows and Outflows

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A hedge fund recently bought a new stake in Direct Digital stock. Citadel Advisors LLC bought a new position in Direct Digital Holdings, Inc. (NASDAQ:DRCT – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,202 shares of the company’s stock, valued at approximately $70,000. Citadel Advisors LLC owned 0.30% 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.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their price objective on shares of Direct Digital from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th.

Check Out Our Latest Analysis on DRCT

About Direct Digital

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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.

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