DoubleDown Interactive (NASDAQ:DDI) Stock Price Up 3.8% – Still a Buy?

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

Analyst Upgrades and Downgrades

DDI has been the subject of several recent analyst reports. Northland Securities increased their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Wedbush upped their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, B. Riley increased their price target on DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.

DoubleDown Interactive Price Performance

The company has a market capitalization of $769.06 million, a P/E ratio of 6.75 and a beta of 0.88. The company has a 50 day moving average price of $14.57 and a 200 day moving average price of $13.18. The company has a current ratio of 21.25, a quick ratio of 18.68 and a debt-to-equity ratio of 0.05.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings data 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). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. The firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. During the same period last year, the business earned $0.54 earnings per share. On average, equities analysts predict that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned approximately 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.