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

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Investment analysts at Northland Capmk dropped their FY2024 earnings per share estimates for DoubleDown Interactive in a research report issued to clients and investors on Monday, November 11th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings per share of $2.37 for the year, down from their prior 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 posted its earnings results on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a return on equity of 15.07% and a net margin of 33.28%. During the same quarter in the previous year, the firm earned $0.54 EPS.

Other analysts have also recently issued reports about the company. Wedbush upped their target price on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday. B. Riley increased their price target on shares of 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 upped their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday.

DoubleDown Interactive Price Performance

Shares of NASDAQ:DDI opened at $16.00 on Thursday. DoubleDown Interactive has a 12 month low of $7.16 and a 12 month high of $18.21. The firm has a market capitalization of $792.80 million, a P/E ratio of 6.96 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.68 and a quick ratio of 18.68. The company’s fifty day moving average price is $14.50 and its 200 day moving average price is $13.13.

Institutional Investors Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC increased its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

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.