FY2024 Earnings Forecast for DDI Issued By Wedbush

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Stock analysts at Wedbush issued their FY2024 EPS estimates for DoubleDown Interactive in a note issued to investors on Tuesday, November 12th. Wedbush analyst M. Pachter forecasts that the company will earn $2.38 per share for the year. Wedbush has a “Outperform” rating and a $21.00 price objective 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 announced 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). The firm had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. During the same period last year, the company posted $0.54 earnings per share.

Several other equities research analysts also recently commented on DDI. Northland Securities lifted their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday. B. Riley raised their price target on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Trading Down 1.3 %

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC increased its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,500 shares of the company’s stock after purchasing an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent quarter.

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.