B. Riley Research Analysts Lift Earnings Estimates for DDI

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Investment analysts at B. Riley lifted their Q4 2024 earnings per share estimates for 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 of $0.57 per share for the quarter, up from their previous forecast of $0.54. B. Riley currently 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 earnings results 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 return on equity of 15.07% and a net margin of 33.28%. The business had revenue of $82.98 million for the quarter, compared to the consensus estimate of $83.49 million. During the same quarter in the prior year, the business earned $0.54 EPS.

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

DDI opened at $16.00 on Wednesday. The company has a 50 day moving average of $14.50 and a 200 day moving average of $13.13. 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 company has a market cap of $792.80 million, a PE ratio of 6.96 and a beta of 0.88.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the second quarter, according to its most recent filing with the SEC. 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 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.