DoubleDown Interactive (NASDAQ:DDI) Trading Up 3.8% – Time to Buy?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)’s share price traded up 3.8% on Friday . The stock traded as high as $16.60 and last traded at $16.40. 20,710 shares changed hands during trading, a decline of 42% from the average session volume of 35,827 shares. The stock had previously closed at $15.80.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DDI shares. Northland Securities lifted their price target on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday. B. Riley lifted their target price 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. Finally, Wedbush lifted their price target on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday.

DoubleDown Interactive Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 21.25. The firm has a market capitalization of $797.76 million, a P/E ratio of 6.87 and a beta of 0.88. The business has a fifty day moving average of $14.50 and a 200-day moving average of $13.13.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The business had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, sell-side analysts forecast that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current fiscal year.

Institutional Trading of DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

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.