Sanctuary Advisors LLC acquired a new position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,800 shares of the company's stock, valued at approximately $2,026,000. Sanctuary Advisors LLC owned approximately 0.25% of DoubleDown Interactive at the end of the most recent quarter.
Separately, Renaissance Technologies LLC lifted its position in shares of DoubleDown Interactive by 81.6% during the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the company's stock worth $529,000 after buying an additional 18,200 shares during the period.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on DDI shares. Northland Securities raised their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Wedbush boosted their target price on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Research Report on DoubleDown Interactive
DoubleDown Interactive Price Performance
NASDAQ DDI traded down $0.02 during midday trading on Thursday, hitting $10.57. The company had a trading volume of 57,921 shares, compared to its average volume of 38,076. DoubleDown Interactive Co., Ltd. has a twelve month low of $7.16 and a twelve month high of $18.21. The firm has a 50-day moving average price of $14.12 and a 200-day moving average price of $13.42. The company has a current ratio of 21.25, a quick ratio of 21.25 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $523.78 million, a PE ratio of 4.60 and a beta of 0.87.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04). The business had revenue of $82.98 million for the quarter, compared to analyst estimates of $83.49 million. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same quarter last year, the firm posted $0.54 EPS. As a group, analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current fiscal year.
DoubleDown Interactive Profile
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Free Report)
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.
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