DoubleDown Interactive (DDI) Stock Price, News & Analysis

Company Overview

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. Its games are primarily distributed, marketed, and promoted through third party platform providers. The company was formerly known as The8Games Co., Ltd. and changed its name to DoubleDown Interactive Co., Ltd. in December 2019. The company was incorporated in 2008 and is headquartered in Seoul, South Korea. DoubleDown Interactive Co., Ltd. is a subsidiary of DoubleU Games Co., Ltd.

Key Stats

• Today's Range: $13.28 to $13.93
• 50-Day Range: $11.11 to $14.73
• 52-Week Range: $6.95 to $15.96
• Volume: 28,866 shs
• Average Volume: 31,084 shs
• Market Capitalization: $665.50 million
• P/E Ratio: 6.25
• Dividend Yield: N/A
• Price Target: $20.08
• Consensus Rating: Buy

DoubleDown Interactive Stock Analysis - MarketRank™

DoubleDown Interactive scored higher than 81% of companies evaluated by MarketBeat, and ranked 76th out of 299 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

DoubleDown Interactive has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

DoubleDown Interactive has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -3.83%

Earnings Growth

Earnings for DoubleDown Interactive are expected to decrease by -3.83% in the coming year, from $2.35 to $2.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DoubleDown Interactive is 6.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of DoubleDown Interactive is 6.25, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.17.

Price to Book Value per Share Ratio

DoubleDown Interactive has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.24% of the outstanding shares of DoubleDown Interactive have been sold short.

Short Interest Ratio / Days to Cover

DoubleDown Interactive has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DoubleDown Interactive has recently decreased by 1.18%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

DoubleDown Interactive does not currently pay a dividend.

Dividend Growth

DoubleDown Interactive does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.24% of the outstanding shares of DoubleDown Interactive have been sold short.

Short Interest Ratio / Days to Cover

DoubleDown Interactive has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DoubleDown Interactive has recently decreased by 1.18%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.19

News Sentiment

DoubleDown Interactive has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for DoubleDown Interactive this week, compared to 1 article on an average week.

Search Interest

Only 5 people have searched for DDI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

6 people have added DoubleDown Interactive to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, DoubleDown Interactive insiders have not sold or bought any company stock.

DDI Stock Analysis - Frequently Asked Questions

How have DDI shares performed this year?

DoubleDown Interactive's stock was trading at $7.35 at the start of the year. Since then, DDI stock has increased by 82.7% and is now trading at $13.43.
View the best growth stocks for 2024 here.

How were DoubleDown Interactive's earnings last quarter?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) posted its quarterly earnings data on Monday, August, 12th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.19. The firm earned $88.24 million during the quarter, compared to analyst estimates of $83.87 million. DoubleDown Interactive had a trailing twelve-month return on equity of 15.62% and a net margin of 34.85%.

When did DoubleDown Interactive IPO?

DoubleDown Interactive (DDI) raised $120 million in an IPO on Tuesday, August 31st 2021. The company issued 6,316,000 shares at $18.00-$20.00 per share.

Who are DoubleDown Interactive's major shareholders?

DoubleDown Interactive's top institutional shareholders include Equitec Proprietary Markets LLC (0.13%), Renaissance Technologies LLC (0.08%), Aristides Capital LLC (0.03%) and Rhumbline Advisers (0.02%).

How do I buy shares of DoubleDown Interactive?

Shares of DDI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/12/2024
• Today: 9/17/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:DDI
• CUSIP: N/A
• CIK: 1799567
• Web: www.doubledowninteractive.com
• Phone: 82-2-5017-216x
• Fax: N/A
• Employees: 220
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $20.08
• High Stock Price Target: $26.00
• Low Stock Price Target: $16.25
• Potential Upside/Downside: +51.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.15
• Trailing P/E Ratio: 6.17
• Forward P/E Ratio: 5.64
• P/E Growth: N/A
• Net Income: $100.89 million
• Net Margins: 34.85%
• Pretax Margin: 45.06%
• Return on Equity: 15.62%
• Return on Assets: 14.27%

Debt

• Debt-to-Equity Ratio: 0.05
• Current Ratio: 18.68
• Quick Ratio: 18.68

Sales & Book Value

• Annual Sales: $332.46 million
• Price / Sales: 1.98
• Cash Flow: $1.99 per share
• Price / Cash Flow: 6.65
• Book Value: $14.69 per share
• Price / Book: 0.90

Miscellaneous

• Outstanding Shares: 49,553,000
• Free Float: N/A
• Market Cap: $656.83 million
• Optionable: Not Optionable
• Beta: 0.83