Northland Capmk Has Optimistic Outlook of DDI Q4 Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at Northland Capmk boosted their Q4 2024 EPS estimates for DoubleDown Interactive in a report issued 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 forecast 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.

Other analysts also recently issued reports about the stock. Wedbush boosted their price target on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday. B. Riley boosted their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Northland Securities boosted their price objective on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday.

DoubleDown Interactive Stock Performance

DoubleDown Interactive stock opened at $15.80 on Wednesday. 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 has a market capitalization of $782.89 million, a PE ratio of 6.93 and a beta of 0.88. The firm has a fifty day simple moving average of $14.50 and a two-hundred day simple moving average of $13.13. DoubleDown Interactive has a twelve month low of $7.16 and a twelve month high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a return on equity of 15.07% and a net margin of 33.28%. During the same period in the prior year, the firm earned $0.54 earnings per share.

Hedge Funds Weigh In On DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the quarter. 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).

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.