DoubleDown Interactive (NASDAQ:DDI) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of DoubleDown Interactive (NASDAQ:DDI) in a report published on Wednesday morning,Benzinga reports. They currently have a $21.00 price objective on the stock.

Separately, Northland Securities reduced their price target on shares of DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday.

DoubleDown Interactive Stock Down 7.3 %

DoubleDown Interactive stock opened at $10.01 on Wednesday. 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 firm has a 50 day moving average price of $10.80 and a 200 day moving average price of $12.90. DoubleDown Interactive has a fifty-two week low of $8.56 and a fifty-two week high of $18.21. The company has a market capitalization of $496.03 million, a PE ratio of 4.35 and a beta of 0.94.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings data 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 net margin of 33.28% and a return on equity of 14.78%. The firm had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. During the same quarter in the prior year, the firm posted $0.54 EPS. Research analysts expect that DoubleDown Interactive will post 2.38 earnings per share for the current year.

Institutional Trading of DoubleDown Interactive

A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in shares of DoubleDown Interactive during the 3rd quarter worth about $2,026,000. JPMorgan Chase & Co. purchased a new position in DoubleDown Interactive in the third quarter valued at approximately $81,000. Heck Capital Advisors LLC purchased a new position in DoubleDown Interactive in the fourth quarter valued at approximately $76,000. Trexquant Investment LP acquired a new stake in DoubleDown Interactive during the fourth quarter worth approximately $106,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive during the 4th quarter worth approximately $153,000.

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.