DoubleDown Interactive (NASDAQ:DDI) Given New $18.00 Price Target at Northland Securities

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

Separately, Wedbush raised their price objective on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

DoubleDown Interactive Trading Down 7.3 %

Shares of DoubleDown Interactive stock opened at $10.01 on Wednesday. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $496.03 million, a P/E ratio of 4.35 and a beta of 0.94. DoubleDown Interactive has a 12-month low of $8.56 and a 12-month high of $18.21. The company has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $12.90.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The company had revenue of $82.98 million during the quarter, compared to analyst estimates of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same quarter in the previous year, the business posted $0.54 EPS. Research analysts expect that DoubleDown Interactive will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleDown Interactive

Several institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in DoubleDown Interactive during the 3rd quarter worth approximately $2,026,000. Boston Partners bought a new position in DoubleDown Interactive during the 4th quarter worth approximately $354,000. Raymond James Financial Inc. bought a new position in DoubleDown Interactive during the 4th quarter worth approximately $153,000. Trexquant Investment LP bought a new position in DoubleDown Interactive during the 4th quarter worth approximately $106,000. Finally, Heck Capital Advisors LLC bought a new position in DoubleDown Interactive during the 4th quarter worth approximately $76,000.

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.