In the last trading session, 0.68 million shares of the Direct Digital Holdings Inc (NASDAQ:DRCT) were traded, and its beta was 6.60. Most recently the company’s share price was $0.88, and it changed around $0.02 or 2.44% from the last close, which brings the market valuation of the company to $7.12M. DRCT currently trades at a discount to its 52-week high of $6.59, offering almost -648.86% off that amount. The share price’s 52-week low was $0.44, which indicates that the current value has risen by an impressive 50.0% since then.
Direct Digital Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended DRCT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Direct Digital Holdings Inc (NASDAQ:DRCT) trade information
Instantly DRCT has showed a green trend with a performance of 2.44% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.2300 on recent trading dayincreased the stock’s daily price by 28.46%. The company’s shares are currently down -44.82% year-to-date, but still up 36.93% over the last five days. On the other hand, Direct Digital Holdings Inc (NASDAQ:DRCT) is 48.80% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 89.0% from its current value. Analyst projections state that DRCT is forecast to be at a low of $8 and a high of $8.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -39.37%.
DRCT Dividends
Direct Digital Holdings Inc’s next quarterly earnings report is expected to be released in June.
Direct Digital Holdings Inc (NASDAQ:DRCT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.58% of Direct Digital Holdings Inc shares, and 3.49% of them are in the hands of institutional investors. The stock currently has a share float of 3.66%. Direct Digital Holdings Inc stock is held by 16.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 0.9651% of the shares, which is about 0.14 million shares worth $0.56 million.
AMERIPRISE FINANCIAL INC, with 0.2676% or 38260.0 shares worth $0.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 90.85 shares worth $79700.0, making up 1.12% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held roughly 45.66 shares worth around $40055.0, which represents about 0.56% of the total shares outstanding.
