DoubleDown Interactive (NASDAQ:DDI) Given New $21.00 Price Target at Wedbush

DoubleDown Interactive (NASDAQ:DDI) had its price objective lifted by Wedbush from $16.25 to $21.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the company. Northland Securities boosted their price target on DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. B. Riley boosted their price target on DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Stock Down 4.7 %

Shares of NASDAQ:DDI opened at $16.20 on Tuesday. DoubleDown Interactive has a 1 year low of $7.16 and a 1 year high of $18.21. The business has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $13.07. The firm has a market capitalization of $802.71 million, a PE ratio of 6.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 18.68 and a quick ratio of 18.68.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly 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 firm had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, equities analysts predict that DoubleDown Interactive will post 2.35 EPS for the current year.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC increased its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

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.