DoubleDown Interactive (NASDAQ:DDI – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.51 earnings per share 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 analyst estimates of $83.49 million. DoubleDown Interactive had a return on equity of 15.62% and a net margin of 34.85%. During the same period last year, the firm earned $0.54 earnings per share.
DoubleDown Interactive Stock Down 4.7 %
Shares of NASDAQ DDI traded down $0.80 on Tuesday, hitting $16.20. The company had a trading volume of 176,594 shares, compared to its average volume of 35,300. 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 business has a 50 day moving average of $14.42 and a two-hundred day moving average of $13.07. The firm has a market capitalization of $802.71 million, a P/E ratio of 6.98 and a beta of 0.88. DoubleDown Interactive has a 12-month low of $7.16 and a 12-month high of $18.21.
Analyst Ratings Changes
A number of brokerages recently issued reports on DDI. Wedbush raised their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. 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, August 13th. Finally, Northland Securities raised their target price on shares of DoubleDown Interactive from $18.00 to $21.00 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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