DoubleDown Interactive (NASDAQ:DDI) Shares Gap Down – Here’s What Happened

Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) gapped down prior to trading on Friday . The stock had previously closed at $10.79, but opened at $10.52. DoubleDown Interactive shares last traded at $10.55, with a volume of 1,455 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DDI shares. Northland Securities raised their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. 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 note on Tuesday, November 12th.

DoubleDown Interactive Stock Down 5.0 %

The firm’s 50-day moving average price is $13.55 and its two-hundred day moving average price is $13.30. 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 market cap of $507.92 million, a PE ratio of 4.46 and a beta of 0.87.

DoubleDown Interactive (NASDAQ:DDI) last issued 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). The firm had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same period in the previous year, the business posted $0.54 EPS. As a group, equities research analysts expect that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of DoubleDown Interactive in the third quarter valued at approximately $81,000. Renaissance Technologies LLC grew its position in DoubleDown Interactive by 81.6% in the 2nd quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock valued at $529,000 after buying an additional 18,200 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in DoubleDown Interactive in the 3rd quarter valued at $2,026,000.

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.