DoubleDown Interactive (NASDAQ:DDI) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

DoubleDown Interactive (NASDAQ:DDI) released its quarterly earnings data on Monday. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19, Yahoo Finance reports. The company had revenue of $88.24 million during the quarter, compared to analyst estimates of $83.87 million. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. During the same quarter in the previous year, the business posted $0.49 EPS.

DoubleDown Interactive Price Performance

DDI traded down $0.37 during trading on Tuesday, hitting $11.69. 43,122 shares of the stock traded hands, compared to its average volume of 28,793. The firm has a 50-day moving average of $12.25 and a 200 day moving average of $11.72. The firm has a market capitalization of $579.27 million, a P/E ratio of 5.94 and a beta of 0.80. DoubleDown Interactive has a 12-month low of $6.95 and a 12-month high of $15.96.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wedbush boosted their target price on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research report on Tuesday. Macquarie started coverage on shares of DoubleDown Interactive in a report on Monday, May 20th. They issued an “outperform” rating on the stock. Finally, B. Riley lifted their target price on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday.

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.