DoubleDown Interactive (NASDAQ:DDI) Price Target Raised to $21.00 at Northland Securities

DoubleDown Interactive (NASDAQ:DDI) had its price objective hoisted by Northland Securities from $18.00 to $21.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Wedbush increased their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. B. Riley upped their price objective on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Stock Performance

DDI opened at $15.52 on Tuesday. The company has a market cap of $769.06 million, a price-to-earnings ratio of 6.75 and a beta of 0.88. The company’s fifty day moving average price is $14.54 and its two-hundred day moving average price is $13.14. DoubleDown Interactive has a 1-year low of $7.16 and a 1-year high of $18.21. The company has a current ratio of 21.25, a quick ratio of 18.68 and a debt-to-equity ratio of 0.05.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Monday, November 11th. The company reported $0.51 earnings per share (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 firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. During the same quarter in the previous year, the company earned $0.54 EPS. On average, analysts expect that DoubleDown Interactive will post 2.38 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC increased its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

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.