Press release
Investors who lost money with shares of Direct Digital Holdings, Inc. (NASDAQ: DRCT) should contact the Shareholders Foundation in connection with Investigation
An investigation for investors in Direct Digital Holdings, Inc. (NASDAQ: DRCT) shares over potential securities laws violations.
Investors who purchased shares of Direct Digital Holdings, Inc. (NASDAQ: DRCT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Direct Digital Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Houston, TX based Direct Digital Holdings, Inc. operates as an end-to-end full-service programmatic advertising platform. Direct Digital Holdings, Inc. reported that its annual Total Revenue rose from $38.13 million in 2021 to $89.36 million in 2022 and that its Net Loss of $1.5 million in 2021 turned into a Net Income of $4.16 million in 2022.
On March 26, 2024, Direct Digital Holdings, Inc. reported its fourth-quarter financial results for the period ending December 31, 2023, The Company reported revenue of $41 million missing consensus estimates by $24.95 million. EPS for the quarter was ($0.08) and consensus estimates was for earnings of $.26.
Those who purchased shares of Direct Digital Holdings, Inc. (NASDAQ: DRCT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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