DoubleDown Interactive (NASDAQ:DDI) Announces Earnings Results, Beats Estimates By $0.14 EPS

DoubleDown Interactive (NASDAQ:DDI) released its quarterly earnings results on Tuesday. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14, Zacks reports. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%.

DoubleDown Interactive Price Performance

Shares of NASDAQ:DDI traded up $0.27 during midday trading on Tuesday, hitting $10.80. The stock had a trading volume of 54,890 shares, compared to its average volume of 34,679. The company’s 50-day moving average price is $10.85 and its 200-day moving average price is $12.91. The company has a market capitalization of $535.14 million, a P/E ratio of 4.70 and a beta of 0.94. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a fifty-two week low of $8.56 and a fifty-two week high of $18.21.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DDI. Northland Securities raised their price target on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Wedbush raised their price target on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

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.