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

DoubleDown Interactive (NASDAQ:DDI) had its price objective upped by Wedbush from $16.25 to $21.00 in a research note published on Tuesday,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.

DDI has been the subject of a number of other reports. B. Riley upped their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Northland Securities upped their price target on shares of DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Price Performance

NASDAQ DDI opened at $15.52 on Tuesday. DoubleDown Interactive has a fifty-two week low of $7.16 and a fifty-two week high of $18.21. The stock’s 50-day moving average is $14.54 and its two-hundred day moving average is $13.14. The firm has a market cap of $769.06 million, a P/E ratio of 6.75 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 18.68.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same period in the previous year, the business posted $0.54 earnings per share. On average, analysts anticipate that DoubleDown Interactive will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC raised its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 0.08% of DoubleDown Interactive worth $529,000 as of its most recent SEC filing.

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.