DoubleDown Interactive (NASDAQ:DDI) Receives New Coverage from Analysts at B. Riley

B. Riley began coverage on shares of DoubleDown Interactive (NASDAQ:DDI) in a report published on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $24.00 price objective on the stock. B. Riley also issued estimates for DoubleDown Interactive’s Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.52 EPS and Q1 2026 earnings at $0.53 EPS.

Other research analysts also recently issued reports about the company. Wedbush upped their target price on DoubleDown Interactive from $13.50 to $14.75 and gave the stock an outperform rating in a research note on Thursday, May 9th. Macquarie assumed coverage on shares of DoubleDown Interactive in a research report on Monday, May 20th. They set an outperform rating for the company.

DoubleDown Interactive Price Performance

Shares of DDI stock opened at $12.59 on Thursday. The firm has a market capitalization of $623.87 million, a price-to-earnings ratio of 5.86 and a beta of 0.78. DoubleDown Interactive has a 1 year low of $6.95 and a 1 year high of $15.96. The business has a fifty day moving average of $11.36 and a 200 day moving average of $10.52.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. The company had revenue of $88.14 million for the quarter, compared to analyst estimates of $82.20 million. As a group, equities research analysts expect that DoubleDown Interactive will post 2.07 earnings per share for the current year.

Institutional Trading of DoubleDown Interactive

Large investors have recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. acquired a new stake in shares of DoubleDown Interactive during the 4th quarter worth approximately $82,000. B. Riley Financial Inc. lifted its holdings in DoubleDown Interactive by 0.5% in the third quarter. B. Riley Financial Inc. now owns 4,044,876 shares of the company’s stock valued at $34,301,000 after acquiring an additional 20,356 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV purchased a new position in DoubleDown Interactive in the fourth quarter worth approximately $514,000.

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.