FY2024 EPS Estimates for DoubleDown Interactive Co., Ltd. Raised by Northland Capmk (NASDAQ:DDI)

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Research analysts at Northland Capmk raised their FY2024 earnings estimates for shares of DoubleDown Interactive in a research note issued to investors on Tuesday, August 13th. Northland Capmk analyst G. Gibas now forecasts that the company will earn $2.40 per share for the year, up from their previous estimate of $2.09. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.07 per share. Northland Capmk also issued estimates for DoubleDown Interactive’s Q4 2024 earnings at $0.58 EPS.

A number of other analysts also recently commented on DDI. Wedbush upped their target price on DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research note on Tuesday. Macquarie began coverage on DoubleDown Interactive in a research report on Monday, May 20th. They issued an “outperform” rating on the stock. B. Riley lifted their target price on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Northland Securities increased their price target on shares of DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday.

DoubleDown Interactive Stock Performance

NASDAQ:DDI opened at $13.21 on Thursday. The firm’s fifty day moving average is $12.17 and its two-hundred day moving average is $11.80. The firm has a market cap of $654.60 million, a price-to-earnings ratio of 6.14 and a beta of 0.80. DoubleDown Interactive has a one year low of $6.95 and a one year high of $15.96.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings data on Monday, August 12th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.48 by $0.19. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. The business had revenue of $88.24 million for the quarter, compared to the consensus estimate of $83.87 million. During the same period in the prior year, the firm earned $0.49 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. First Trust Direct Indexing L.P. acquired a new stake in DoubleDown Interactive in the 4th quarter valued at $82,000. Renaissance Technologies LLC lifted its holdings in DoubleDown Interactive by 81.6% during the second quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock valued at $529,000 after purchasing an additional 18,200 shares in the last quarter. Arbor Capital Management Inc. ADV acquired a new stake in shares of DoubleDown Interactive in the fourth quarter valued at about $514,000. Finally, B. Riley Financial Inc. increased its stake in shares of DoubleDown Interactive by 2.4% during the fourth quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock worth $30,441,000 after purchasing an additional 96,740 shares in the last 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.