DoubleDown Interactive (NASDAQ:DDI) Price Target Raised to $26.00 at B. Riley

DoubleDown Interactive (NASDAQ:DDI) had its target price increased by B. Riley from $24.00 to $26.00 in a report published on Tuesday morning, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for DoubleDown Interactive’s Q3 2024 earnings at $0.53 EPS, Q4 2024 earnings at $0.54 EPS, FY2024 earnings at $2.20 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $2.20 EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at $0.56 EPS and FY2026 earnings at $2.26 EPS.

A number of other equities analysts also recently commented on DDI. Macquarie started coverage on shares of DoubleDown Interactive in a report on Monday, May 20th. They issued an outperform rating for the company. Wedbush increased their target price on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the company an outperform rating in a research report on Tuesday.

DoubleDown Interactive Price Performance

Shares of DoubleDown Interactive stock opened at $13.21 on Tuesday. DoubleDown Interactive has a 1 year low of $6.95 and a 1 year high of $15.96. The stock has a market cap of $654.60 million, a price-to-earnings ratio of 6.14 and a beta of 0.80. The firm’s 50-day moving average is $12.17 and its two-hundred day moving average is $11.80.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $88.24 million for the quarter, compared to analyst estimates of $83.87 million. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. During the same period last year, the company posted $0.49 earnings per share. On average, equities analysts expect that DoubleDown Interactive will post 2.07 earnings per share for the current year.

Institutional Trading of DoubleDown Interactive

A number of institutional investors have recently bought and sold shares of DDI. First Trust Direct Indexing L.P. acquired a new position in shares of DoubleDown Interactive in the fourth quarter valued at about $82,000. Arbor Capital Management Inc. ADV acquired a new stake in shares of DoubleDown Interactive during the fourth quarter worth about $514,000. Renaissance Technologies LLC boosted its position in DoubleDown Interactive by 81.6% in the second quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock valued at $529,000 after buying an additional 18,200 shares during the last quarter. Finally, B. Riley Financial Inc. raised its position in DoubleDown Interactive by 2.4% during the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock worth $30,441,000 after buying an additional 96,740 shares during 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.