B. Riley Expects Higher Earnings for DoubleDown Interactive

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) - Investment analysts at B. Riley raised their Q4 2024 earnings per share estimates for DoubleDown Interactive in a report issued on Tuesday, November 12th. B. Riley analyst D. Bain now anticipates that the company will post earnings of $0.57 per share for the quarter, up from their prior estimate of $0.54. B. Riley currently has a "Buy" rating and a $26.00 price target on the stock. The consensus estimate for DoubleDown Interactive's current full-year earnings is $2.35 per share. B. Riley also issued estimates for DoubleDown Interactive's Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.58 EPS and FY2025 earnings at $2.28 EPS.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). The company had revenue of $82.98 million during the quarter, compared to analyst estimates of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. During the same period in the previous year, the company posted $0.54 EPS.

DDI has been the topic of a number of other reports. Northland Securities upped their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday. Wedbush raised their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday.

DoubleDown Interactive Stock Performance

DDI stock traded down $0.20 during trading hours on Wednesday, reaching $16.00. The stock had a trading volume of 124,686 shares, compared to its average volume of 35,706. The stock has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $13.13. DoubleDown Interactive has a fifty-two week low of $7.16 and a fifty-two week high of $18.21. The stock has a market capitalization of $792.80 million, a PE ratio of 6.96 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.68 and a quick ratio of 18.68.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC raised its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,500 shares of the company's stock after buying an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.