Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 27,352 shares changed hands during mid-day trading, a decline of 24% from the previous session's volume of 36,063 shares.The stock last traded at $14.93 and had previously closed at $15.52.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on DDI shares. Northland Securities lifted their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Wedbush raised their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, B. Riley raised their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th.
Get Our Latest Stock Analysis on DDI
DoubleDown Interactive Stock Performance
The company has a market cap of $728.39 million, a PE ratio of 6.47 and a beta of 0.88. The company has a quick ratio of 18.68, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $14.57 and a 200-day moving average of $13.22.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.04). The company had revenue of $82.98 million for the quarter, compared to analysts' expectations of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same period in the previous year, the firm earned $0.54 EPS. As a group, analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current year.
Institutional Trading of DoubleDown Interactive
A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC increased its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,500 shares of the company's stock after acquiring an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 as of its most recent SEC filing.
About DoubleDown Interactive
(
Get 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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