DoubleDown Interactive (NASDAQ:DDI) Issues Quarterly Earnings Results

DoubleDown Interactive (NASDAQ:DDI) announced its quarterly earnings results on Monday. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04), Zacks reports. The company had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. During the same quarter in the prior year, the business posted $0.54 earnings per share.

DoubleDown Interactive Trading Down 1.2 %

DDI stock opened at $16.00 on Thursday. The business’s 50-day moving average is $14.50 and its 200 day moving average is $13.13. DoubleDown Interactive has a 12-month low of $7.16 and a 12-month high of $18.21. The stock has a market cap of $792.80 million, a price-to-earnings ratio of 6.96 and a beta of 0.88. The company has a current ratio of 18.68, a quick ratio of 18.68 and a debt-to-equity ratio of 0.05.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DDI shares. Wedbush increased their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a report on Tuesday. 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 research report on Tuesday, August 13th. Finally, Northland Securities increased their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday.

About DoubleDown Interactive

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.