DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) - Equities research analysts at B. Riley issued their Q2 2024 earnings per share (EPS) estimates for shares of DoubleDown Interactive in a research note issued on Wednesday, June 5th. B. Riley analyst D. Bain expects that the company will post earnings of $0.47 per share for the quarter. B. Riley currently has a "Buy" rating and a $24.00 price target on the stock. The consensus estimate for DoubleDown Interactive's current full-year earnings is $2.07 per share. B. Riley also issued estimates for DoubleDown Interactive's Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.50 EPS, FY2024 earnings at $1.96 EPS, Q3 2025 earnings at $0.48 EPS, FY2025 earnings at $2.00 EPS and FY2026 earnings at $2.07 EPS.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. The business had revenue of $88.14 million for the quarter, compared to analysts' expectations of $82.20 million. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%.
DDI has been the subject of a number of other research reports. Macquarie assumed coverage on DoubleDown Interactive in a research report on Monday, May 20th. They set an "outperform" rating for the company. Wedbush increased their price target on shares of DoubleDown Interactive from $13.50 to $14.75 and gave the stock an "outperform" rating in a report on Thursday, May 9th.
Check Out Our Latest Analysis on DDI
DoubleDown Interactive Stock Up 1.6 %
Shares of DDI stock traded up $0.20 on Monday, reaching $12.79. The company's stock had a trading volume of 25,792 shares, compared to its average volume of 31,401. DoubleDown Interactive has a 12-month low of $6.95 and a 12-month high of $15.96. The stock's 50 day simple moving average is $11.38 and its 200-day simple moving average is $10.55. The company has a market capitalization of $633.74 million, a P/E ratio of 5.95 and a beta of 0.78.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Arbor Capital Management Inc. ADV purchased a new stake in DoubleDown Interactive in the fourth quarter worth $514,000. First Trust Direct Indexing L.P. purchased a new position in shares of DoubleDown Interactive in the fourth quarter worth $82,000. Finally, B. Riley Financial Inc. lifted its stake in DoubleDown Interactive by 0.5% during the 3rd quarter. B. Riley Financial Inc. now owns 4,044,876 shares of the company's stock valued at $34,301,000 after acquiring an additional 20,356 shares during the period.
DoubleDown Interactive Company Profile
(Get Free Report)
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.
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