DoubleDown Interactive (NASDAQ:DDI - Get Free Report) had its price target dropped by stock analysts at Northland Securities from $21.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Northland Securities' target price suggests a potential upside of 77.17% from the stock's previous close.
Separately, Wedbush raised their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th.
Get Our Latest Research Report on DoubleDown Interactive
DoubleDown Interactive Trading Up 1.2 %
Shares of NASDAQ:DDI traded up $0.12 during midday trading on Wednesday, hitting $10.16. The company had a trading volume of 46,987 shares, compared to its average volume of 31,637. DoubleDown Interactive has a 12 month low of $8.56 and a 12 month high of $18.21. 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 stock has a market cap of $503.43 million, a price-to-earnings ratio of 4.42 and a beta of 0.94. The firm has a fifty day simple moving average of $10.62 and a 200 day simple moving average of $12.85.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in DoubleDown Interactive during the third quarter worth about $81,000. Aristides Capital LLC lifted its holdings in DoubleDown Interactive by 26.4% during the fourth quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock worth $342,000 after acquiring an additional 6,841 shares in the last quarter. Heck Capital Advisors LLC bought a new position in DoubleDown Interactive during the fourth quarter worth about $76,000. Renaissance Technologies LLC lifted its holdings in DoubleDown Interactive by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 62,400 shares of the company's stock worth $651,000 after acquiring an additional 8,022 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in DoubleDown Interactive during the fourth quarter worth about $106,000.
DoubleDown Interactive Company Profile
(
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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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