DoubleDown Interactive (NASDAQ:DDI) Shares Down 3.2%

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) traded down 3.2% during trading on Wednesday . The company traded as low as $13.71 and last traded at $13.71. 3,600 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 30,128 shares. The stock had previously closed at $14.17.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Macquarie assumed coverage on DoubleDown Interactive in a research note on Monday, May 20th. They issued an “outperform” rating on the stock. Wedbush raised their price objective on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Northland Securities increased their price target 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. Finally, B. Riley lifted their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Trading Down 0.8 %

The stock has a fifty day simple moving average of $12.22 and a 200-day simple moving average of $11.91. The company has a market capitalization of $696.22 million, a PE ratio of 6.57 and a beta of 0.80.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.19. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. The business had revenue of $88.24 million during the quarter, compared to the consensus estimate of $83.87 million. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, equities research analysts predict that DoubleDown Interactive Co., Ltd. will post 2.07 EPS for the current year.

Institutional Trading of DoubleDown Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDI. First Trust Direct Indexing L.P. acquired a new position in shares of DoubleDown Interactive during the fourth quarter worth about $82,000. Arbor Capital Management Inc. ADV acquired a new position in DoubleDown Interactive during the 4th quarter worth approximately $514,000. Renaissance Technologies LLC raised its stake in shares of DoubleDown Interactive by 81.6% during the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock worth $529,000 after buying an additional 18,200 shares in the last quarter. Finally, B. Riley Financial Inc. lifted its holdings in shares of DoubleDown Interactive by 2.4% in the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock valued at $30,441,000 after buying an additional 96,740 shares during the period.

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.