DoubleDown Interactive (NASDAQ:DDI) Announces Earnings Results, Beats Expectations By $0.14 EPS

DoubleDown Interactive (NASDAQ:DDI) announced its quarterly earnings results on Tuesday. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14, Zacks reports. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%.

DoubleDown Interactive Trading Up 2.6 %

DDI stock traded up $0.27 during mid-day trading on Tuesday, reaching $10.80. 53,888 shares of the stock traded hands, compared to its average volume of 34,679. The company has a current ratio of 21.25, a quick ratio of 21.25 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a 52-week low of $8.56 and a 52-week high of $18.21. The company has a market cap of $535.14 million, a P/E ratio of 4.70 and a beta of 0.94. The stock’s fifty day moving average is $10.85 and its 200-day moving average is $12.91.

Analysts Set New Price Targets

DDI has been the topic of several recent analyst reports. Northland Securities upped their price target on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wedbush upped their price target on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

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.