DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Free Report) – Research analysts at B. Riley raised their Q3 2023 earnings estimates for shares of DoubleDown Interactive in a note issued to investors on Wednesday, August 9th. B. Riley analyst D. Bain now anticipates that the company will earn $0.41 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $1.77 per share. B. Riley also issued estimates for DoubleDown Interactive’s Q4 2023 earnings at $0.44 EPS, FY2023 earnings at $1.75 EPS, Q1 2024 earnings at $0.41 EPS, Q2 2024 earnings at $0.40 EPS, Q3 2024 earnings at $0.40 EPS, Q4 2024 earnings at $0.45 EPS and FY2024 earnings at $1.66 EPS.
Separately, Wedbush restated an “outperform” rating and set a $12.25 price target on shares of DoubleDown Interactive in a report on Thursday, August 3rd.
DoubleDown Interactive Price Performance
DDI stock opened at $8.64 on Friday. DoubleDown Interactive has a 52-week low of $7.23 and a 52-week high of $11.59. The company’s 50 day simple moving average is $9.08 and its 200-day simple moving average is $8.88. The firm has a market capitalization of $427.86 million, a P/E ratio of -2.52 and a beta of 0.57.
DoubleDown Interactive (NASDAQ:DDI – Get Free Report) last released its earnings results on Wednesday, May 10th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.13. DoubleDown Interactive had a negative net margin of 55.37% and a positive return on equity of 12.54%. The business had revenue of $77.60 million for the quarter, compared to the consensus estimate of $75.17 million.
Institutional Trading of DoubleDown Interactive
Large investors have recently modified their holdings of the company. Millennium Management LLC acquired a new position in DoubleDown Interactive during the 2nd quarter valued at $149,000. Raymond James Financial Services Advisors Inc. acquired a new position in DoubleDown Interactive during the 2nd quarter valued at $184,000. Finally, B. Riley Financial Inc. raised its stake in DoubleDown Interactive by 4.2% during the 2nd quarter. B. Riley Financial Inc. now owns 4,024,520 shares of the company’s stock valued at $38,515,000 after purchasing an additional 162,242 shares during the last quarter. 9.26% of the stock is owned by institutional investors.
About DoubleDown Interactive
DoubleDown Interactive Co, Ltd. engages in the development and publishing of and web-based casual games and mobile applications 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.
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