DoubleDown Interactive (NASDAQ:DDI) Shares Gap Down – Should You Sell?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) shares gapped down before the market opened on Thursday . The stock had previously closed at $14.49, but opened at $14.00. DoubleDown Interactive shares last traded at $14.28, with a volume of 11,408 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. B. Riley raised their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Wedbush raised their price target on DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Finally, Northland Securities upped their price objective on DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Trading Down 2.9 %

The company’s fifty day simple moving average is $14.28 and its two-hundred day simple moving average is $12.68. The company has a market capitalization of $684.82 million, a price-to-earnings ratio of 6.43 and a beta of 0.85. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.48 by $0.19. DoubleDown Interactive had a return on equity of 15.62% and a net margin of 34.85%. The business had revenue of $88.24 million for the quarter, compared to the consensus estimate of $83.87 million. During the same quarter last year, the business posted $0.49 EPS. Research analysts forecast that DoubleDown Interactive Co., Ltd. will post 2.35 earnings per share 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 increased its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,500 shares of the company’s stock after purchasing an additional 18,200 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

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.