DoubleDown Interactive (NASDAQ:DDI) Shares Gap Up - Time to Buy?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $11.04, but opened at $11.28. DoubleDown Interactive shares last traded at $10.92, with a volume of 956 shares.

Analyst Upgrades and Downgrades

DDI has been the topic of several recent analyst reports. Northland Securities boosted 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 increased their target price on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th.

DoubleDown Interactive Trading Down 1.8 %

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 business's fifty day moving average is $13.04 and its two-hundred day moving average is $13.27. The firm has a market cap of $537.15 million, a price-to-earnings ratio of 4.71 and a beta of 0.95.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. The firm had revenue of $82.98 million during the quarter, compared to analyst estimates of $83.49 million. During the same period last year, the business posted $0.54 earnings per share. Equities analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleDown Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in DoubleDown Interactive during the third quarter worth about $81,000. Renaissance Technologies LLC increased its stake in DoubleDown Interactive by 81.6% in the second quarter. Renaissance Technologies LLC now owns 40,500 shares of the company's stock valued at $529,000 after purchasing an additional 18,200 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in DoubleDown Interactive in the third quarter worth $2,026,000.

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.