DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $14.49, but opened at $14.00. DoubleDown Interactive shares last traded at $14.28, with a volume of 11,408 shares changing hands.
Analyst Ratings Changes
A number of research firms have recently commented on DDI. Northland Securities raised their price objective on shares of DoubleDown Interactive from $16.00 to $18.00 and gave the stock an "outperform" rating in a report on Tuesday, August 13th. B. Riley raised their price target on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Finally, Wedbush upped their price objective on DoubleDown Interactive from $14.75 to $16.25 and gave the company an "outperform" rating in a research note on Tuesday, August 13th.
View Our Latest Report on DDI
DoubleDown Interactive Price Performance
The company's 50 day moving average price is $14.23 and its 200 day moving average price is $12.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 18.68. The company has a market cap of $705.63 million, a price-to-earnings ratio of 6.65 and a beta of 0.85.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.19. The firm had revenue of $88.24 million for the quarter, compared to analyst estimates of $83.87 million. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities research analysts predict that DoubleDown Interactive Co., Ltd. will post 2.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DoubleDown Interactive
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% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,500 shares of the company's stock after acquiring an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the Securities and Exchange Commission.
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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