What is Northland Capmk’s Forecast for DDI FY2024 Earnings?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Analysts at Northland Capmk decreased their FY2024 earnings per share estimates for shares of DoubleDown Interactive in a research report issued on Monday, November 11th. Northland Capmk analyst G. Gibas now expects that the company will earn $2.37 per share for the year, down from their previous forecast of $2.40. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.35 per share.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly 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 firm had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. During the same quarter in the prior year, the firm earned $0.54 EPS.

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

DoubleDown Interactive Price Performance

Shares of DDI opened at $15.80 on Thursday. The company has a current ratio of 18.68, a quick ratio of 18.68 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $14.50 and its 200-day simple moving average is $13.13. The firm has a market capitalization of $782.89 million, a price-to-earnings ratio of 6.93 and a beta of 0.88. 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 lifted its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent quarter.

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.