DoubleDown Interactive (NASDAQ:DDI) Shares Gap Down – Here’s What Happened

Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet 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 %

The firm has a market cap of $584.23 million, a P/E ratio of 5.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25. The stock has a 50 day moving average of $14.52 and a 200 day moving average of $13.47.

DoubleDown Interactive (NASDAQ:DDIGet 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:DDIFree 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

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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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