Northland Capmk Has Bullish Forecast for DDI Q4 Earnings

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at Northland Capmk lifted their Q4 2024 earnings per share estimates for DoubleDown Interactive in a research report issued on Monday, November 11th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.59 for the quarter, up from their prior estimate 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 released its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The business had revenue of $82.98 million for the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a return on equity of 15.62% and a net margin of 34.85%. During the same quarter in the previous year, the firm earned $0.54 earnings per share.

DDI has been the topic of several other research reports. Wedbush upped their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday. B. Riley increased their price target on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Northland Securities boosted 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 Down 4.7 %

DoubleDown Interactive stock opened at $16.20 on Wednesday. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $802.71 million, a P/E ratio of 6.95 and a beta of 0.88. The firm has a 50 day moving average price of $14.42 and a 200-day moving average price of $13.07. DoubleDown Interactive has a twelve month low of $7.16 and a twelve month high of $18.21.

Institutional Investors Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its position in shares of 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 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 0.08% of DoubleDown Interactive worth $529,000 as of its most recent SEC filing.

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.