DoubleDown Interactive Co Ltd (NASDAQ:DDI) Expected to Announce Quarterly Sales of $91.82 Million

Wall Street analysts expect that DoubleDown Interactive Co Ltd (NASDAQ:DDI) will post sales of $91.82 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for DoubleDown Interactive’s earnings, with estimates ranging from $90.34 million to $93.30 million. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that DoubleDown Interactive will report full year sales of $368.76 million for the current financial year, with estimates ranging from $367.22 million to $370.30 million. For the next financial year, analysts forecast that the company will post sales of $395.73 million, with estimates ranging from $391.95 million to $399.50 million. Zacks’ sales averages are an average based on a survey of research firms that follow DoubleDown Interactive.

Several equities research analysts recently commented on the company. Northland Securities assumed coverage on DoubleDown Interactive in a report on Monday, September 27th. They set an “outperform” rating and a $25.00 target price on the stock. B. Riley began coverage on shares of DoubleDown Interactive in a research report on Monday, September 27th. They issued a “buy” rating and a $30.00 price target on the stock.

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in DoubleDown Interactive during the 3rd quarter worth approximately $725,000. UBS Group AG purchased a new position in DoubleDown Interactive during the 3rd quarter worth approximately $34,000. Tudor Investment Corp Et Al purchased a new position in DoubleDown Interactive during the 3rd quarter worth approximately $3,953,000. Verition Fund Management LLC purchased a new position in DoubleDown Interactive during the 3rd quarter worth approximately $3,533,000. Finally, Altium Capital Management LP purchased a new position in DoubleDown Interactive during the 3rd quarter worth approximately $2,818,000. Hedge funds and other institutional investors own 5.22% of the company’s stock.

NASDAQ:DDI traded up $0.24 during midday trading on Thursday, hitting $15.99. 11,373 shares of the stock were exchanged, compared to its average volume of 97,053. DoubleDown Interactive has a one year low of $15.13 and a one year high of $18.50. The company’s 50-day moving average price is $16.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 11.69 and a quick ratio of 11.69.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co Ltd. is a developer and publisher of digital social casino games. DoubleDown Interactive Co Ltd. is based in SEATTLE.

Recommended Story: dividend yield calculator

Get a free copy of the Zacks research report on DoubleDown Interactive (DDI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DoubleDown Interactive (NASDAQ:DDI)

Receive News & Ratings for DoubleDown Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleDown Interactive and related companies with MarketBeat.com's FREE daily email newsletter.