What is B. Riley's Estimate for DDI FY2025 Earnings?

Key Points

• B. Riley has raised its FY2025 earnings estimate for DoubleDown Interactive to $2.06 per share from a previous forecast of $1.94 and maintains a "Buy" rating with a price target of $22.00.
• Despite missing earnings expectations with a reported EPS of $0.44 for the last quarter, DoubleDown Interactive's revenue of $84.81 million exceeded forecasts.
• Analyst ratings for the stock vary, with one cutting the rating to "hold," while other firms have given it a "buy" rating, leading to a consensus rating of "Buy" and an average price target of $19.25.

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI - Free Report) - Analysts at B. Riley lifted their FY2025 earnings per share (EPS) estimates for shares of DoubleDown Interactive in a report issued on Wednesday, August 13th. B. Riley analyst J. Nichols now anticipates that the company will earn $2.06 per share for the year, up from their previous estimate of $1.94. B. Riley currently has a "Buy" rating and a $22.00 target price on the stock. The consensus estimate for DoubleDown Interactive's current full-year earnings is $2.28 per share.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The firm had revenue of $84.81 million for the quarter, compared to analyst estimates of $83.13 million. DoubleDown Interactive had a return on equity of 12.44% and a net margin of 31.91%.

A number of other brokerages have also recently issued reports on DDI. Wedbush raised DoubleDown Interactive to a "strong-buy" rating in a report on Tuesday, July 1st. Roth Capital initiated coverage on shares of DoubleDown Interactive in a report on Monday, June 23rd. They issued a "buy" rating and a $16.00 price objective for the company. Finally, Wall Street Zen lowered shares of DoubleDown Interactive from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, DoubleDown Interactive presently has an average rating of "Buy" and a consensus target price of $19.25.

DoubleDown Interactive Stock Performance

Shares of DoubleDown Interactive stock traded down $0.18 during midday trading on Friday, hitting $9.29. 46,416 shares of the company traded hands, compared to its average volume of 57,245. The stock has a market cap of $460.32 million, a price-to-earnings ratio of 4.40 and a beta of 0.86. The firm's fifty day moving average price is $9.53 and its 200-day moving average price is $9.82. DoubleDown Interactive has a 12 month low of $8.09 and a 12 month high of $18.21.

Institutional Investors Weigh In On DoubleDown Interactive

Institutional investors have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in DoubleDown Interactive in the fourth quarter worth $76,000. BNP Paribas Financial Markets purchased a new stake in shares of DoubleDown Interactive during the fourth quarter valued at approximately $111,000. Raymond James Financial Inc. purchased a new position in shares of DoubleDown Interactive in the fourth quarter worth $153,000. Trexquant Investment LP boosted its position in DoubleDown Interactive by 70.6% during the 1st quarter. Trexquant Investment LP now owns 17,262 shares of the company's stock valued at $171,000 after buying an additional 7,142 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of DoubleDown Interactive by 1,376.7% in the first quarter. GAMMA Investing LLC now owns 1,713 shares of the company's stock valued at $173,000 after acquiring an additional 1,597 shares during the period.

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.