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-0.000794281175536123 0.00476568705321688 0.00238284352660851 -0.00436854646544875 -0.000397140587767991 -0.000794281175536123 0.00158856235107239 0.00158856235107239
Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Direct Digital Holdings, Inc. (DRCT) on Behalf of Investors

Direct Digital Holdings, Inc. (DRCT) 
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Direct Digital Holdings, Inc. (“Direct Digital” or the “Company”) (NASDAQ: DRCT) investors concerning the Company’s possible violations of federal securities laws.On March 26, 2024, Direct Digital released its fourth quarter and full year 2023 financial results, missing revenue growth estimates due to “efforts . . . to accelerate the transition towards a cookie-less advertising platform.”On this news, Direct Digital’s stock price fell $10.47, or 39.5%, to close at $16.04 per share on March 27, 2024, thereby injuring investors.Then, on April 2, 2024, Direct Digital disclosed that a material weakness had been “identified in [its] review of internal control over financial reporting as of December 31, 2023.”On this news, Direct Digital’s stock price fell $1.31, or 10.4%, to close at $12.82 per share on April 2, 2024, thereby injuring investors further.If you purchased Direct Digital Show less Read more
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