Research Analysts Set Expectations for DDI FY2024 Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at Northland Capmk decreased their FY2024 EPS estimates for DoubleDown Interactive in a research note issued on Monday, November 11th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings of $2.37 per share for the year, down from their previous forecast of $2.40. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.38 per share.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. The company had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. During the same period last year, the firm posted $0.54 EPS.

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

DoubleDown Interactive Price Performance

DDI stock opened at $15.52 on Thursday. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21. The company’s fifty day moving average price is $14.54 and its 200-day moving average price is $13.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 21.25. The company has a market capitalization of $769.06 million, a PE ratio of 6.75 and a beta of 0.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC raised its position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,500 shares of the company’s stock after acquiring 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 Securities & Exchange Commission.

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.