Northland Capmk Has Bearish Forecast for DDI FY2024 Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) - Investment analysts at Northland Capmk cut their FY2024 EPS estimates for DoubleDown Interactive in a report issued on Monday, November 11th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $2.37 per share for the year, down from their previous estimate of $2.40. The consensus estimate for DoubleDown Interactive's current full-year earnings is $2.35 per share.

Several other brokerages have also issued reports on DDI. Northland Securities upped their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wedbush increased 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. Finally, B. Riley boosted their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th.

DoubleDown Interactive Price Performance

DoubleDown Interactive stock traded down $0.41 during mid-day trading on Thursday, hitting $15.59. 53,013 shares of the company traded hands, compared to its average volume of 35,784. The stock has a fifty day moving average price of $14.50 and a 200-day moving average price of $13.13. The stock has a market cap of $772.48 million, a price-to-earnings ratio of 6.96 and a beta of 0.88. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 18.68.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $82.98 million during the quarter, compared to analysts' expectations 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 business earned $0.54 EPS.

Institutional Trading of DoubleDown Interactive

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

About DoubleDown Interactive

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.