Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 37,926 shares were traded during mid-day trading, an increase of 11% from the previous session's volume of 34,070 shares.The stock last traded at $15.60 and had previously closed at $16.50.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DDI. B. Riley raised their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Northland Securities raised their price target on shares of DoubleDown Interactive from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 13th. Finally, Wedbush upped their price objective on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the company an "outperform" rating in a research report on Tuesday, August 13th.
Check Out Our Latest Stock Analysis on DDI
DoubleDown Interactive Stock Performance
The stock has a fifty day moving average price of $14.38 and a 200-day moving average price of $13.03. The firm has a market capitalization of $794.78 million, a price-to-earnings ratio of 7.08 and a beta of 0.88. The company has a current ratio of 18.68, a quick ratio of 18.68 and a debt-to-equity ratio of 0.05.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. The firm had revenue of $88.24 million during the quarter, compared to the consensus estimate of $83.87 million. During the same period last year, the firm posted $0.49 EPS. As a group, analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC raised its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. 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 about 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.
DoubleDown Interactive Company Profile
(
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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