Northland Capmk Weighs in on DoubleDown Interactive Co., Ltd.’s Q3 2024 Earnings (NASDAQ:DDI)

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Investment analysts at Northland Capmk boosted their Q3 2024 earnings per share (EPS) estimates for DoubleDown Interactive in a research report issued to clients and investors on Tuesday, August 13th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.45. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.07 per share.

DDI has been the topic of several other research reports. Wedbush lifted their target price on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the company an “outperform” rating in a report on Tuesday. B. Riley boosted their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday. Macquarie began coverage on DoubleDown Interactive in a research note on Monday, May 20th. They issued an “outperform” rating for the company. Finally, Northland Securities boosted their price target on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday.

DoubleDown Interactive Stock Up 3.1 %

Shares of DDI stock opened at $12.54 on Wednesday. DoubleDown Interactive has a fifty-two week low of $6.95 and a fifty-two week high of $15.96. The firm’s 50 day moving average price is $12.18 and its two-hundred day moving average price is $11.77. The stock has a market cap of $621.39 million, a price-to-earnings ratio of 5.66 and a beta of 0.80.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings data on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. The business had revenue of $88.24 million for the quarter, compared to analyst estimates of $83.87 million. DoubleDown Interactive had a return on equity of 15.00% and a net margin of 33.51%. During the same period in the previous year, the company posted $0.49 EPS.

Institutional Trading of DoubleDown Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arbor Capital Management Inc. ADV bought a new stake in shares of DoubleDown Interactive in the fourth quarter worth $514,000. First Trust Direct Indexing L.P. acquired a new position in DoubleDown Interactive during the 4th quarter worth $82,000. B. Riley Financial Inc. grew its holdings in DoubleDown Interactive by 2.4% during the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock worth $30,441,000 after acquiring an additional 96,740 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of DoubleDown Interactive by 81.6% in the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock worth $529,000 after purchasing an additional 18,200 shares during the last quarter.

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.