DoubleDown Interactive (NASDAQ:DDI) Sees Large Volume Increase – Here’s Why

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) saw an uptick in trading volume on Monday . 27,352 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 36,063 shares.The stock last traded at $14.93 and had previously closed at $15.52.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. B. Riley upped their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Northland Securities raised their target price on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wedbush upped their price target on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

DoubleDown Interactive Trading Up 0.3 %

The company has a market capitalization of $730.41 million, a PE ratio of 6.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. The business has a fifty day moving average price of $14.57 and a 200 day moving average price of $13.25.

DoubleDown Interactive (NASDAQ:DDI) last released 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 return on equity of 14.78% and a net margin of 33.28%. The company had revenue of $82.98 million for the quarter, compared to analyst estimates of $83.49 million. During the same period last year, the firm posted $0.54 earnings per share. Analysts expect 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 boosted its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the period. Renaissance Technologies LLC owned 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.

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.