Wedbush Forecasts Strong Price Appreciation for DoubleDown Interactive (NASDAQ:DDI) Stock

DoubleDown Interactive (NASDAQ:DDI) had its price target increased by Wedbush from $16.25 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for DoubleDown Interactive’s Q4 2024 earnings at $0.59 EPS, FY2024 earnings at $2.38 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.58 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.58 EPS and FY2026 earnings at $2.35 EPS.

A number of other equities analysts have also commented on the company. Northland Securities boosted their price objective on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. B. Riley increased their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Trading Down 1.8 %

Shares of DDI stock opened at $15.52 on Tuesday. The company has a market capitalization of $769.06 million, a P/E ratio of 6.75 and a beta of 0.88. DoubleDown Interactive has a 12-month low of $7.16 and a 12-month high of $18.21. The company has a quick ratio of 18.68, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $14.54 and a 200 day moving average price of $13.14.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same quarter last year, the firm posted $0.54 EPS. Research analysts forecast that DoubleDown Interactive will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC increased its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,500 shares of the company’s stock after purchasing an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 as of its most recent SEC filing.

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.