FY2024 Earnings Forecast for DDI Issued By Wedbush

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities researchers at Wedbush issued their FY2024 earnings per share estimates for DoubleDown Interactive in a report issued on Tuesday, November 12th. Wedbush analyst M. Pachter anticipates that the company will post earnings of $2.38 per share for the year. Wedbush currently has a “Outperform” rating and a $21.00 target price 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 issued its earnings results 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 15.07% and a net margin of 33.28%. The business had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. During the same period last year, the company posted $0.54 earnings per share.

Several other equities analysts also recently weighed in on the company. B. Riley raised their price objective on 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 increased their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday.

DoubleDown Interactive Stock Performance

NASDAQ:DDI opened at $16.00 on Thursday. The stock has a market cap of $792.80 million, a PE ratio of 6.96 and a beta of 0.88. DoubleDown Interactive has a fifty-two week low of $7.16 and a fifty-two week high of $18.21. The firm’s fifty day simple moving average is $14.50 and its 200-day simple moving average is $13.13. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,500 shares of the company’s stock after buying 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.