DoubleDown Interactive (NASDAQ:DDI) Trading Up 4%

DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Free Report) shares were up 4% during trading on Thursday . The company traded as high as $13.43 and last traded at $13.43. Approximately 3,997 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 31,498 shares. The stock had previously closed at $12.91.

Analysts Set New Price Targets

A number of research analysts recently commented on DDI shares. Wedbush upped their price objective on DoubleDown Interactive from $13.50 to $14.75 and gave the company an “outperform” rating in a report on Thursday, May 9th. B. Riley assumed coverage on DoubleDown Interactive in a research note on Thursday. They set a “buy” rating and a $24.00 price target on the stock. Finally, Macquarie assumed coverage on DoubleDown Interactive in a research note on Monday, May 20th. They set an “outperform” rating on the stock.

Read Our Latest Stock Analysis on DDI

DoubleDown Interactive Price Performance

The firm has a market capitalization of $639.20 million, a price-to-earnings ratio of 6.00 and a beta of 0.78. The firm has a 50 day moving average price of $11.36 and a 200-day moving average price of $10.49.

DoubleDown Interactive (NASDAQ:DDIGet Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $82.20 million. DoubleDown Interactive had a return on equity of 15.00% and a net margin of 33.51%. Equities research analysts predict that DoubleDown Interactive Co., Ltd. will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On DoubleDown Interactive

Several large investors have recently bought and sold shares of the business. First Trust Direct Indexing L.P. purchased a new position in shares of DoubleDown Interactive during the fourth quarter worth about $82,000. Arbor Capital Management Inc. ADV acquired a new stake in DoubleDown Interactive in the fourth quarter valued at about $514,000. Finally, B. Riley Financial Inc. lifted its position in DoubleDown Interactive by 2.4% in the fourth quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock valued at $30,441,000 after purchasing an additional 96,740 shares during the period.

DoubleDown Interactive Company Profile

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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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