Northland Capmk Has Positive Estimate for DDI Q4 Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at Northland Capmk increased their Q4 2024 earnings per share (EPS) estimates for shares of DoubleDown Interactive in a report issued on Monday, November 11th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $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.

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 analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $82.98 million during the quarter, compared to analyst estimates of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. During the same quarter in the previous year, the business posted $0.54 earnings per share.

Several other research firms also recently weighed in on DDI. B. Riley raised their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Northland Securities boosted their price target on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wedbush raised their price objective on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a report on Tuesday.

DoubleDown Interactive Stock Performance

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

Institutional Trading of DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

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.