In a report released today, Darren Aftahi from Roth MKM maintained a Buy rating on Direct Digital Holdings (DRCT – Research Report), with a price target of $5.25. The company’s shares opened today at $3.26.
Aftahi covers the Technology sector, focusing on stocks such as Direct Digital Holdings, Digital Turbine, and Shopify. According to TipRanks, Aftahi has an average return of 7.6% and a 37.05% success rate on recommended stocks.
Direct Digital Holdings has an analyst consensus of Strong Buy, with a price target consensus of $7.25.
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Based on Direct Digital Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $21.22 million and a GAAP net loss of $1.33 million. In comparison, last year the company earned a revenue of $11.37 million and had a GAAP net loss of $671.62 thousand
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Direct Digital Holdings Inc is an end-to-end, full-service programmatic advertising platform primarily focused 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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