DoubleDown Interactive (NASDAQ:DDI – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19, Yahoo Finance reports. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. The business had revenue of $88.24 million for the quarter, compared to analyst estimates of $83.87 million. During the same quarter in the previous year, the business earned $0.49 earnings per share.
DoubleDown Interactive Stock Performance
Shares of NASDAQ DDI traded up $0.31 during midday trading on Wednesday, reaching $12.25. 77,245 shares of the company traded hands, compared to its average volume of 29,298. The stock’s 50-day simple moving average is $12.19 and its 200-day simple moving average is $11.76. DoubleDown Interactive has a 12 month low of $6.95 and a 12 month high of $15.96. The firm has a market cap of $607.02 million, a PE ratio of 5.65 and a beta of 0.80.
Analysts Set New Price Targets
Several research analysts have weighed in on DDI shares. B. Riley upped their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday. Northland Securities increased their price objective on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Macquarie began coverage on DoubleDown Interactive in a research note on Monday, May 20th. They issued an “outperform” rating on the stock. Finally, Wedbush upped their target price on DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research report 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.
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