DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.79, but opened at $13.10. DoubleDown Interactive shares last traded at $12.75, with a volume of 5,288 shares.
Analysts Set New Price Targets
DDI has been the topic of a number of recent analyst reports. Macquarie initiated coverage on DoubleDown Interactive in a report on Monday, May 20th. They set an "outperform" rating on the stock. Wedbush boosted their target price on DoubleDown Interactive from $13.50 to $14.75 and gave the stock an "outperform" rating in a report on Thursday, May 9th. Finally, B. Riley initiated coverage on DoubleDown Interactive in a report on Thursday, June 6th. They set a "buy" rating and a $24.00 target price on the stock.
Get Our Latest Stock Report on DDI
DoubleDown Interactive Stock Performance
The firm has a market capitalization of $625.82 million, a price-to-earnings ratio of 5.87 and a beta of 0.78. The business has a fifty day moving average of $11.38 and a two-hundred day moving average of $10.55.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.11. The business had revenue of $88.14 million during the quarter, compared to the consensus estimate of $82.20 million. DoubleDown Interactive had a return on equity of 15.00% and a net margin of 33.51%. As a group, sell-side analysts predict that DoubleDown Interactive Co., Ltd. will post 2.07 EPS for the current fiscal year.
Institutional Trading of DoubleDown Interactive
Several institutional investors have recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. bought a new stake in shares of DoubleDown Interactive during the 4th quarter valued at $82,000. Arbor Capital Management Inc. ADV bought a new stake in shares of DoubleDown Interactive during the 4th quarter valued at $514,000. Finally, B. Riley Financial Inc. lifted its position in shares of DoubleDown Interactive by 0.5% during the 3rd quarter. B. Riley Financial Inc. now owns 4,044,876 shares of the company's stock valued at $34,301,000 after acquiring an additional 20,356 shares during the period.
About DoubleDown Interactive
(Get Free Report)
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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