Direct Digital Holdings Sells 2.3 Million Shares

Direct Digital Holdings ( (DRCT) ) just unveiled an announcement.

Between April 8, 2025, and May 13, 2025, Direct Digital Holdings sold 2,300,000 shares of its Class A Common Stock for a total of $1,387,015 after discounts. This sale exceeded five percent of the total shares outstanding as of April 8, 2025, and was conducted with New Circle Principal Investments LLC under a Share Purchase Agreement, relying on exemptions from registration requirements under the Securities Act.

The most recent analyst rating on (DRCT) stock is a Buy with a $7.50 price target. To see the full list of analyst forecasts on Direct Digital Holdings stock, see the DRCT Stock Forecast page.

Spark’s Take on DRCT Stock

According to Spark, TipRanks’ AI Analyst, DRCT is a Neutral.

Direct Digital Holdings is facing substantial financial and operational challenges. The significant decline in revenue, negative profitability, and high leverage are major concerns. While there are positive signs in cost-cutting and buy-side revenue growth, the overall financial health is weak. The technical indicators suggest a bearish trend, and the company’s valuation is unattractive due to negative earnings. Despite maintaining optimistic guidance, the recovery from past disruptions remains uncertain, resulting in a low overall score.

To see Spark’s full report on DRCT stock, click here.

More about Direct Digital Holdings

Average Trading Volume: 1,544,199

Technical Sentiment Signal: Sell

Current Market Cap: $11.2M

For an in-depth examination of DRCT stock, go to TipRanks’ Stock Analysis page.