DoubleDown Interactive (NASDAQ:DDI) Price Target Raised to $21.00

DoubleDown Interactive (NASDAQ:DDI) had its price objective raised by Northland Securities from $18.00 to $21.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented on DDI. Wedbush upped their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday. B. Riley upped their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th.

DoubleDown Interactive Stock Performance

DDI stock opened at $15.80 on Tuesday. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a twelve month low of $7.16 and a twelve month high of $18.21. The business’s fifty day moving average is $14.50 and its 200-day moving average is $13.13. The company has a market cap of $782.89 million, a P/E ratio of 6.93 and a beta of 0.88.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The company had revenue of $82.98 million for the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a return on equity of 15.07% and a net margin of 33.28%. During the same quarter last year, the business posted $0.54 EPS. Equities research analysts forecast that DoubleDown Interactive will post 2.35 EPS for the current year.

Institutional Trading of DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent quarter.

About DoubleDown Interactive

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.