DoubleDown Interactive (NASDAQ:DDI) Price Target Raised to $21.00

DoubleDown Interactive (NASDAQ:DDI) had its target price boosted by Wedbush from $16.25 to $21.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for DoubleDown Interactive’s Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $2.38 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.58 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.58 EPS and FY2026 earnings at $2.35 EPS.

A number of other brokerages also recently weighed in on DDI. Northland Securities increased their price target on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. B. Riley raised their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th.

DoubleDown Interactive Price Performance

DoubleDown Interactive stock opened at $15.80 on Tuesday. The stock’s 50 day moving average is $14.50 and its 200 day moving average is $13.13. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21. The firm has a market cap of $782.89 million, a P/E ratio of 6.93 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.

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 analyst estimates of $83.49 million. During the same quarter last year, the firm posted $0.54 EPS. As a group, research analysts expect that DoubleDown Interactive will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC increased its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,500 shares of the company’s stock after purchasing 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.

DoubleDown Interactive Company Profile

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.