B. Riley Lifts Earnings Estimates for DoubleDown Interactive

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at B. Riley lifted their Q4 2024 EPS estimates for shares of DoubleDown Interactive in a research report issued to clients and investors on Tuesday, November 12th. B. Riley analyst D. Bain now forecasts 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.

DDI has been the topic of a number of other research reports. Wedbush increased their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. Northland Securities increased 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.

DoubleDown Interactive Stock Down 4.7 %

DDI stock opened at $16.20 on Wednesday. The firm’s fifty day moving average is $14.42 and its 200 day moving average is $13.07. The firm has a market cap of $802.71 million, a PE ratio of 6.95 and a beta of 0.88. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 18.68.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a return on equity of 15.62% and a net margin of 34.85%. During the same quarter in the previous year, the company earned $0.54 EPS.

Institutional Trading of DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC grew its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,500 shares of the company’s stock after purchasing 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 and Exchange Commission (SEC).

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.