Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 56,260 shares traded hands during mid-day trading, an increase of 51% from the previous session's volume of 37,262 shares.The stock last traded at $10.81 and had previously closed at $12.14.
Analyst Ratings Changes
Several brokerages have issued reports on DDI. Wedbush upped their target price on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Northland Securities upped their price objective on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th.
View Our Latest Research Report on DDI
DoubleDown Interactive Stock Performance
The business has a 50 day moving average price of $14.34 and a two-hundred day moving average price of $13.44. The company has a market cap of $557.97 million, a P/E ratio of 4.90 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.04). The firm 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 quarter last year, the company posted $0.54 EPS. On average, sell-side analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current year.
Hedge Funds Weigh In On DoubleDown Interactive
A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC grew its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,500 shares of the company's stock after buying 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.
Further Reading
Before you consider DoubleDown Interactive, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DoubleDown Interactive wasn't on the list.
While DoubleDown Interactive currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
