JPMorgan Chase & Co. Buys New Stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

JPMorgan Chase & Co. acquired a new position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,926 shares of the company’s stock, valued at approximately $81,000.

Separately, Renaissance Technologies LLC raised its holdings in DoubleDown Interactive by 81.6% in the second quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock worth $529,000 after purchasing an additional 18,200 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DDI. Wedbush boosted their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Northland Securities lifted their price target on DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th.

DoubleDown Interactive Trading Up 4.6 %

Shares of DoubleDown Interactive stock opened at $10.20 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25. DoubleDown Interactive Co., Ltd. has a 1 year low of $8.48 and a 1 year high of $18.21. The company has a market capitalization of $505.41 million, a P/E ratio of 4.43 and a beta of 0.94. The business has a 50 day moving average price of $11.31 and a 200 day moving average price of $12.97.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The business had revenue of $82.98 million for the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same period in the prior year, the company earned $0.54 EPS. Sell-side analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.38 EPS for the current fiscal year.

DoubleDown Interactive 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.