What is Wedbush’s Estimate for DDI FY2024 Earnings?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Research analysts at Wedbush issued their FY2024 earnings estimates for shares of DoubleDown Interactive in a note issued to investors on Tuesday, November 12th. Wedbush analyst M. Pachter expects 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 $2.38 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.

A number of other research analysts have also recently weighed in on the stock. B. Riley boosted their target price on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Northland Securities boosted their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday.

DoubleDown Interactive Trading Down 1.8 %

Shares of DDI stock opened at $15.52 on Thursday. DoubleDown Interactive has a 52-week low of $7.16 and a 52-week 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 21.25. The company has a 50-day simple moving average of $14.54 and a two-hundred day simple moving average of $13.14. The company has a market capitalization of $769.06 million, a price-to-earnings ratio of 6.75 and a beta of 0.88.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data 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). DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. The firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. During the same period in the previous year, the company posted $0.54 earnings per share.

Institutional Trading of DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC raised its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent quarter.

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.