DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) fell 4.8% during mid-day trading on Friday . The company traded as low as $14.00 and last traded at $14.00. 50,680 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 36,306 shares. The stock had previously closed at $14.70.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Wedbush increased 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 boosted their price target on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, B. Riley increased their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 13th.
View Our Latest Research Report on DDI
DoubleDown Interactive Trading Down 4.8 %
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 company has a market capitalization of $693.70 million, a price-to-earnings ratio of 6.09 and a beta of 0.88. The company has a 50-day moving average price of $14.75 and a 200-day moving average price of $13.43.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings data 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). DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. The company had revenue of $82.98 million during the quarter, compared to analyst estimates of $83.49 million. During the same quarter in the previous year, the business posted $0.54 EPS. Research analysts predict that DoubleDown Interactive Co., Ltd. will post 2.38 EPS 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,500 shares of the company's stock after acquiring an additional 18,200 shares during the period. Renaissance Technologies LLC owned about 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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