Denali Advisors LLC trimmed its holdings in shares of Direct Digital Holdings, Inc. (NASDAQ:DRCT – Free Report) by 36.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,400 shares of the company’s stock after selling 8,700 shares during the period. Denali Advisors LLC owned about 0.11% of Direct Digital worth $235,000 at the end of the most recent quarter.
Separately, Intrinsic Edge Capital Management LLC bought a new stake in shares of Direct Digital in the 4th quarter valued at about $1,155,000. 4.02% of the stock is currently owned by institutional investors and hedge funds.
Direct Digital Price Performance
NASDAQ DRCT traded down $0.09 during mid-day trading on Wednesday, reaching $4.26. 141,934 shares of the stock were exchanged, compared to its average volume of 326,532. Direct Digital Holdings, Inc. has a one year low of $1.96 and a one year high of $35.88. The stock has a 50 day simple moving average of $4.00 and a 200-day simple moving average of $11.44. The stock has a market cap of $60.79 million, a P/E ratio of 29.86 and a beta of 7.70.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Direct Digital
Direct Digital Company Profile
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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