DoubleDown Interactive (NASDAQ:DDI) PT Raised to $18.00 at Northland Securities

DoubleDown Interactive (NASDAQ:DDI) had its price objective boosted by Northland Securities from $16.00 to $18.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Macquarie started coverage on DoubleDown Interactive in a research report on Monday, May 20th. They issued an outperform rating for the company. B. Riley upped their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the company a buy rating in a research report on Tuesday. Finally, Wedbush upped their target price on DoubleDown Interactive from $14.75 to $16.25 and gave the company an outperform rating in a research report on Tuesday.

DoubleDown Interactive Stock Performance

NASDAQ:DDI opened at $12.54 on Tuesday. The stock has a 50-day simple moving average of $12.16 and a 200-day simple moving average of $11.77. The stock has a market cap of $621.39 million, a P/E ratio of 5.83 and a beta of 0.80. DoubleDown Interactive has a 1 year low of $6.95 and a 1 year high of $15.96.

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

Institutional Trading of DoubleDown Interactive

A number of hedge funds have recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. purchased a new position in shares of DoubleDown Interactive during the 4th quarter worth approximately $82,000. Arbor Capital Management Inc. ADV purchased a new position in shares of 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. raised its stake in shares of DoubleDown Interactive by 2.4% during the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock worth $30,441,000 after buying an additional 96,740 shares in the last 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.