DoubleDown Interactive (NASDAQ:DDI) Shares Gap Down - Time to Sell?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $10.79, but opened at $10.52. DoubleDown Interactive shares last traded at $10.55, with a volume of 1,455 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wedbush upped their price target on shares of 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 increased their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th.

DoubleDown Interactive Trading Down 5.0 %

The stock has a market cap of $507.92 million, a price-to-earnings ratio of 4.46 and a beta of 0.87. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average is $13.64 and its two-hundred day moving average is $13.32.

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 analysts' consensus estimates of $0.55 by ($0.04). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. The company had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. During the same quarter in the prior year, the company earned $0.54 EPS. Equities analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current year.

Institutional Investors Weigh In On DoubleDown Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in DoubleDown Interactive by 81.6% in the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the company's stock valued at $529,000 after buying an additional 18,200 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of DoubleDown Interactive in the third quarter worth $2,026,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of DoubleDown Interactive in the third quarter worth $81,000.

DoubleDown Interactive Company Profile

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.