DRCT - DRCT INVESTOR ALERT: Kirby McInerney LLP Notifies Direct Digital Holdings Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit | Benzinga
NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP notifies investors of the fast-approaching July 22, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who acquired Direct Digital Holdings, Inc. ("Direct Digital" or the "Company") (NASDAQ:DRCT) securities during the period of April 17, 2023 to March 25, 2024, inclusive ("the Class Period").
[Click here to learn more about the class action]
On March 26, 2024, Direct Digital announced that it missed revenue estimates for the fourth quarter of 2023, citing lower-than-anticipated demand, a delay in the release of Tier 1 publishers from beta testing, and proactive efforts by Direct Digital to accelerate its transition towards a "cookie-less" advertising platform. The Company's CEO also revealed that in the fourth quarter of 2023, it "became clearer" that ...