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

DoubleDown Interactive (NASDAQ:DDI) had its price objective boosted by Wedbush from $16.25 to $21.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has 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.

Several other research analysts have also recently weighed in on the company. B. Riley boosted their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Northland Securities lifted their target price on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th.

DoubleDown Interactive Stock Performance

NASDAQ DDI opened at $15.80 on Tuesday. 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 has a fifty day moving average price of $14.50 and a 200-day moving average price of $13.13. DoubleDown Interactive has a 1 year low of $7.16 and a 1 year high of $18.21. The firm has a market cap of $782.89 million, a price-to-earnings ratio of 6.93 and a beta of 0.88.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data 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 the consensus estimate of $83.49 million. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, equities research analysts predict that DoubleDown Interactive will post 2.35 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. 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.