FY2024 Earnings Estimate for DDI Issued By Wedbush

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Investment analysts at Wedbush issued their FY2024 earnings estimates for shares of DoubleDown Interactive in a note issued to investors on Tuesday, November 12th. Wedbush analyst M. Pachter expects that the company will post earnings per share of $2.38 for the year. Wedbush currently has a “Outperform” rating and a $21.00 target price 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.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings data 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 15.07% and a net margin of 33.28%. The firm had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. During the same period in the previous year, the firm earned $0.54 earnings per share.

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

DoubleDown Interactive Price Performance

DDI stock opened at $15.80 on Thursday. The company has a current ratio of 18.68, a quick ratio of 18.68 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a 12 month low of $7.16 and a 12 month high of $18.21. The stock has a market cap of $782.89 million, a PE ratio of 6.93 and a beta of 0.88. The company has a 50-day moving average price of $14.50 and a 200 day moving average price of $13.13.

Institutional Trading of DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC increased its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 as of its most recent SEC filing.

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.