DoubleDown Interactive (NASDAQ:DDI) Issues Earnings Results, Misses Estimates By $0.23 EPS

DoubleDown Interactive (NASDAQ:DDI) issued its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.23), Zacks reports. DoubleDown Interactive had a net margin of 32.91% and a return on equity of 12.93%.

DoubleDown Interactive Stock Performance

Shares of NASDAQ:DDI traded up $0.02 during trading on Wednesday, hitting $15.72. The company’s stock had a trading volume of 295,393 shares, compared to its average volume of 123,872. The company has a 50-day moving average of $13.36 and a 200-day moving average of $11.19. DoubleDown Interactive has a 12 month low of $8.10 and a 12 month high of $15.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.67 and a quick ratio of 18.67. The firm has a market cap of $778.93 million, a price-to-earnings ratio of 6.24 and a beta of 1.11.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DDI shares. B. Riley Financial lowered shares of DoubleDown Interactive from a “buy” rating to a “neutral” rating in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of DoubleDown Interactive in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.50.

DoubleDown Interactive Company Profile

DoubleDown Interactive is a digital gaming company focused on developing and publishing social casino games for mobile devices and online platforms. Its flagship title, DoubleDown Casino, offers virtual slot machines and other casino-style games for entertainment, using virtual currency rather than real-money wagering. The company’s portfolio also includes other free-to-play casino games, which combine casino-style play with features such as in-game rewards and social interaction. Its games are distributed through app stores and web platforms and reach players in North America and other international markets.