FY2024 Earnings Estimate for DDI Issued By Wedbush

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at Wedbush issued their FY2024 earnings estimates for shares of DoubleDown Interactive in a research report issued to clients and investors on Tuesday, November 12th. Wedbush analyst M. Pachter anticipates that the company will post earnings per share of $2.38 for the year. Wedbush has a “Outperform” rating and a $21.00 price objective on the stock. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.35 per share. Wedbush also issued estimates for DoubleDown Interactive’s Q4 2024 earnings at $0.59 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.58 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.58 EPS and FY2026 earnings at $2.35 EPS.

DDI has been the topic of a number of other research reports. B. Riley boosted their price target on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Northland Securities lifted their price objective on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday.

DoubleDown Interactive Stock Down 1.2 %

DoubleDown Interactive stock opened at $16.00 on Thursday. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. The firm has a market cap of $792.80 million, a P/E ratio of 6.96 and a beta of 0.88. DoubleDown Interactive has a twelve month low of $7.16 and a twelve month high of $18.21. The business has a fifty day moving average of $14.50 and a two-hundred day moving average of $13.13.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. The company had revenue of $82.98 million for the quarter, compared to the consensus estimate of $83.49 million. During the same quarter in the previous year, the business earned $0.54 EPS.

Institutional Investors Weigh In On DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

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.