Northland Capmk Issues Positive Forecast for DDI Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Analysts at Northland Capmk raised their Q4 2024 earnings estimates for shares of DoubleDown Interactive in a research report issued to clients and investors on Monday, November 11th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.58. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.35 per share. Northland Capmk also issued estimates for DoubleDown Interactive’s Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.37 EPS.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results 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). The business had revenue of $82.98 million for the quarter, compared to analyst estimates of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. During the same quarter in the previous year, the company posted $0.54 earnings per share.

Several other equities research analysts have also recently commented on DDI. Northland Securities boosted their price target 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 raised their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, B. Riley upped 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.

DoubleDown Interactive Stock Performance

Shares of DoubleDown Interactive stock opened at $16.00 on Wednesday. The stock’s 50-day moving average is $14.50 and its 200-day moving average is $13.13. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21. The firm has a market cap of $792.80 million, a price-to-earnings ratio of 6.96 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.68 and a quick ratio of 18.68.

Institutional Trading of DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its stake 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 & Exchange Commission. The institutional investor owned 40,500 shares of the company’s stock after purchasing an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.

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.