DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) - Equities research analysts at B. Riley upped their Q3 2024 earnings per share estimates for DoubleDown Interactive in a report released on Tuesday, August 13th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of $0.53 for the quarter, up from their prior estimate of $0.46. 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 $2.07 per share. B. Riley also issued estimates for DoubleDown Interactive's Q4 2024 earnings at $0.54 EPS, FY2024 earnings at $2.20 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $2.20 EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at $0.56 EPS and FY2026 earnings at $2.26 EPS.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its earnings results on Monday, August 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a return on equity of 15.00% and a net margin of 33.51%. The firm had revenue of $88.24 million for the quarter, compared to analysts' expectations of $83.87 million. During the same quarter in the previous year, the business posted $0.49 earnings per share.
A number of other equities analysts have also recently issued reports on DDI. Macquarie started coverage on shares of DoubleDown Interactive in a research report on Monday, May 20th. They set an "outperform" rating on the stock. Wedbush raised their price objective on DoubleDown Interactive from $14.75 to $16.25 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Northland Securities upped their target price on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Tuesday.
Check Out Our Latest Stock Report on DDI
DoubleDown Interactive Trading Up 1.8 %
NASDAQ DDI traded up $0.22 during trading hours on Wednesday, hitting $12.16. 101,325 shares of the company's stock were exchanged, compared to its average volume of 29,469. DoubleDown Interactive has a 1-year low of $6.95 and a 1-year high of $15.96. The stock has a 50-day simple moving average of $12.19 and a 200 day simple moving average of $11.76. The firm has a market cap of $602.56 million, a price-to-earnings ratio of 5.65 and a beta of 0.80.
Institutional Investors Weigh In On DoubleDown Interactive
Hedge funds have recently made changes to their positions in the business. First Trust Direct Indexing L.P. purchased a new position in DoubleDown Interactive in the fourth quarter valued at approximately $82,000. Renaissance Technologies LLC lifted its position in shares of DoubleDown Interactive by 81.6% during the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the company's stock valued at $529,000 after buying an additional 18,200 shares during the last quarter. Arbor Capital Management Inc. ADV bought a new stake in shares of DoubleDown Interactive in the fourth quarter valued at approximately $514,000. Finally, B. Riley Financial Inc. lifted its stake in shares of DoubleDown Interactive by 2.4% during the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company's stock valued at $30,441,000 after buying an additional 96,740 shares in the last quarter.
About DoubleDown Interactive
(Get Free Report)
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.
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