DRCT - Kirby McInerney LLP Reminds Digital Holdings Inc. (DRCT) Investors of Class Action Filing and Encourages Investors to Contact the Firm | Benzinga

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of Texas 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"). Investors have until July 22, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

[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 ...

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