Northland Capmk Issues Positive Outlook for DDI Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) - Stock analysts at Northland Capmk upped their Q4 2024 earnings per share estimates for shares of DoubleDown Interactive in a research note issued on Monday, November 11th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.58. The consensus estimate for DoubleDown Interactive's current full-year earnings is $2.35 per share. Northland Capmk also issued estimates for DoubleDown Interactive's Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.37 EPS.

Several other research analysts also recently issued reports on DDI. B. Riley boosted their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Wedbush boosted their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Northland Securities raised their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday.

DoubleDown Interactive Stock Performance

DDI traded down $0.20 on Wednesday, hitting $16.00. The company had a trading volume of 124,686 shares, compared to its average volume of 35,706. DoubleDown Interactive has a 1-year low of $7.16 and a 1-year high of $18.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.68 and a quick ratio of 18.68. The company's fifty day moving average price is $14.50 and its 200 day moving average price is $13.13. The stock has a market cap of $792.80 million, a price-to-earnings ratio of 6.96 and a beta of 0.88.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 posted $0.54 EPS.

Institutional Investors Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,500 shares of the company's stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the SEC.

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.