DoubleDown Interactive (DDI) Set to Announce Earnings on Wednesday

DoubleDown Interactive (NASDAQ:DDI – Get Rating) will post its quarterly earnings results after the market closes on Wednesday, May 10th. Analysts expect DoubleDown Interactive to post earnings of $0.35 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

DoubleDown Interactive (NASDAQ:DDI – Get Rating) last posted its earnings results on Tuesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. DoubleDown Interactive had a positive return on equity of 2.90% and a negative net margin of 72.88%. The company had revenue of $76.17 million during the quarter, compared to the consensus estimate of $75.64 million. On average, analysts expect DoubleDown Interactive to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DoubleDown Interactive Stock Down 2.3 %

Shares of NASDAQ DDI opened at $8.29 on Tuesday. DoubleDown Interactive has a 52 week low of $7.41 and a 52 week high of $12.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.69 and a current ratio of 2.69. The stock’s fifty day moving average is $8.26 and its 200 day moving average is $9.02. The stock has a market capitalization of $410.77 million, a P/E ratio of -1.76 and a beta of 0.52.

Institutional Trading of DoubleDown Interactive

An institutional investor recently bought a new position in DoubleDown Interactive stock. Millennium Management LLC purchased a new stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,108 shares of the company’s stock, valued at approximately $149,000. 9.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wedbush initiated coverage on DoubleDown Interactive in a research report on Monday, April 24th. They issued an “outperform” rating and a $12.25 target price on the stock.

DoubleDown Interactive Company Profile

(Get Rating)

DoubleDown Interactive Co, Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games. Its games are primarily distributed, marketed, and promoted through third party platform providers.