DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $14.49, but opened at $14.00. DoubleDown Interactive shares last traded at $14.28, with a volume of 11,408 shares.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Northland Securities raised their target price on DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Wedbush boosted their price objective on DoubleDown Interactive from $14.75 to $16.25 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, B. Riley raised their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th.
Check Out Our Latest Report on DoubleDown Interactive
DoubleDown Interactive Trading Down 2.9 %
DoubleDown Interactive (NASDAQ:DDI – Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.19. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. The firm had revenue of $88.24 million during the quarter, compared to analysts’ expectations of $83.87 million. During the same quarter last year, the company posted $0.49 EPS. As a group, equities analysts forecast that DoubleDown Interactive Co., Ltd. will post 2.35 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC increased its position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Free Report) by 81.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned about 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.
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