B. Riley Lifts Earnings Estimates for DoubleDown Interactive

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Stock analysts at B. Riley upped their Q4 2024 earnings estimates for shares of DoubleDown Interactive in a research note issued to investors on Tuesday, November 12th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.54. B. Riley has a “Buy” rating and a $26.00 price objective on the stock. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.35 per share. B. Riley also issued estimates for DoubleDown Interactive’s Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.58 EPS and FY2025 earnings at $2.28 EPS.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $83.49 million. During the same period in the previous year, the firm earned $0.54 EPS.

A number of other research analysts also recently issued reports on DDI. Northland Securities lifted their price objective on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wedbush lifted their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday.

DoubleDown Interactive Stock Down 1.3 %

Shares of DoubleDown Interactive stock opened at $15.80 on Wednesday. The firm’s 50 day moving average price is $14.50 and its 200-day moving average price is $13.13. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a 52-week low of $7.16 and a 52-week high of $18.21. The company has a market cap of $782.89 million, a P/E ratio of 6.93 and a beta of 0.88.

Institutional Trading of DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,500 shares of the company’s stock after purchasing an additional 18,200 shares during the period. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.