DoubleDown Interactive (NASDAQ:DDI) Announces Earnings Results

DoubleDown Interactive (NASDAQ:DDI) posted its earnings results on Monday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04), Zacks reports. The firm had revenue of $82.98 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.54 earnings per share.

DoubleDown Interactive Stock Performance

Shares of DDI opened at $16.00 on Thursday. The company has a market capitalization of $792.80 million, a price-to-earnings ratio of 6.96 and a beta of 0.88. DoubleDown Interactive has a 52-week low of $7.16 and a 52-week high of $18.21. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $14.50 and a 200 day moving average price of $13.13.

Analyst Ratings Changes

A number of research analysts recently commented on the company. B. Riley upped their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Wedbush lifted their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Northland Securities increased their target price on 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.