DoubleDown Interactive Co., Ltd. Forecasted to Earn Q1 2023 Earnings of $0.39 Per Share (NASDAQ:DDI)

Posted by Defense World Staff on Apr 28th, 2023

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get Rating) – Wedbush issued their Q1 2023 earnings estimates for DoubleDown Interactive in a report released on Monday, April 24th. Wedbush analyst N. Mckay anticipates that the company will post earnings per share of $0.39 for the quarter. Wedbush currently has a “Outperform” rating and a $12.25 price objective on the stock. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $1.42 per share. Wedbush also issued estimates for DoubleDown Interactive’s Q2 2023 earnings at $0.41 EPS, Q3 2023 earnings at $0.42 EPS, Q4 2023 earnings at $0.43 EPS, FY2023 earnings at $1.65 EPS, Q1 2024 earnings at $0.42 EPS, Q2 2024 earnings at $0.44 EPS, Q3 2024 earnings at $0.46 EPS, Q4 2024 earnings at $0.47 EPS, FY2024 earnings at $1.80 EPS, Q1 2025 earnings at $0.47 EPS and FY2025 earnings at $1.96 EPS.

DoubleDown Interactive (NASDAQ:DDI – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $76.17 million for the quarter, compared to analyst estimates of $75.64 million. DoubleDown Interactive had a negative net margin of 72.88% and a positive return on equity of 2.90%.

DoubleDown Interactive Price Performance

NASDAQ:DDI opened at $7.86 on Thursday. The firm has a market capitalization of $389.46 million, a P/E ratio of -1.67 and a beta of 0.51. DoubleDown Interactive has a 1-year low of $7.41 and a 1-year high of $12.59. The company’s fifty day moving average price is $8.46 and its 200-day moving average price is $9.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.69 and a quick ratio of 2.69.

Institutional Trading of DoubleDown Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its position in DoubleDown Interactive by 54.3% during the fourth quarter. Millennium Management LLC now owns 26,227 shares of the company’s stock valued at $222,000 after buying an additional 9,227 shares during the period. B. Riley Financial Inc. grew its position in DoubleDown Interactive by 1.3% during the fourth quarter. B. Riley Financial Inc. now owns 3,876,217 shares of the company’s stock valued at $32,754,000 after buying an additional 51,007 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in DoubleDown Interactive during the third quarter valued at $883,000. Institutional investors and hedge funds own 9.70% of the company’s stock.

DoubleDown Interactive Company Profile

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DoubleDown Interactive Co, Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games. Its games are primarily distributed, marketed, and promoted through third party platform providers.