DoubleDown Interactive (NASDAQ:DDI) Stock Price Up 5.6% – Here’s What Happened

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)’s share price traded up 5.6% during trading on Thursday . The stock traded as high as $11.94 and last traded at $11.94. 9,302 shares were traded during trading, a decline of 75% from the average session volume of 36,861 shares. The stock had previously closed at $11.31.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Northland Securities raised their price objective on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wedbush boosted their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th.

DoubleDown Interactive Stock Performance

The firm has a fifty day moving average price of $14.34 and a 200 day moving average price of $13.44. The firm has a market capitalization of $557.93 million, a PE ratio of 4.90 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $83.49 million. During the same quarter last year, the company posted $0.54 EPS. Research analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current fiscal year.

Institutional Trading of DoubleDown Interactive

An institutional investor recently bought a new position in DoubleDown Interactive stock. Sanctuary Advisors LLC bought a new position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 122,800 shares of the company’s stock, valued at approximately $2,026,000. Sanctuary Advisors LLC owned approximately 0.25% of DoubleDown Interactive as of its most recent SEC filing.

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.