Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $12.98, but opened at $12.63. DoubleDown Interactive shares last traded at $12.89, with a volume of 4,216 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on DDI shares. Wedbush increased their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. B. Riley increased their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Northland Securities increased their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th.
Get Our Latest Stock Report on DoubleDown Interactive
DoubleDown Interactive Trading Down 5.7 %
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 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 firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. During the same period in the prior year, the company earned $0.54 EPS. As a group, equities research analysts predict that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC grew its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Free Report) by 81.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent quarter.
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.
Featured Stories
- Five stocks we like better than DoubleDown Interactive
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Time to Take Bitcoin Profits as $100K Milestone Nears?
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 4 Stocks That Crushed Analyst Estimates by More Than Double
- How to Capture the Benefits of Dividend Increases
- Neos S&P 500(R) High Income ETF Harnesses the Power of Options
Receive News & Ratings for DoubleDown Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleDown Interactive and related companies with MarketBeat.com's FREE daily email newsletter.