DoubleDown Interactive (NASDAQ:DDI) Shares Gap Up to $12.54

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) shares gapped up prior to trading on Friday . The stock had previously closed at $12.54, but opened at $13.17. DoubleDown Interactive shares last traded at $13.17, with a volume of 2,902 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DDI shares. B. Riley started coverage on shares of DoubleDown Interactive in a report on Thursday, June 6th. They issued a “buy” rating and a $24.00 price target for the company. Macquarie initiated coverage on DoubleDown Interactive in a research note on Monday, May 20th. They issued an “outperform” rating for the company. Finally, Wedbush raised their price objective on DoubleDown Interactive from $13.50 to $14.75 and gave the company an “outperform” rating in a research note on Thursday, May 9th.

DoubleDown Interactive Trading Up 4.1 %

The stock has a market capitalization of $646.88 million, a price-to-earnings ratio of 6.07 and a beta of 0.78. The stock’s 50 day moving average is $11.91 and its 200 day moving average is $10.90.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. The firm had revenue of $88.14 million for the quarter, compared to analysts’ expectations of $82.20 million. On average, sell-side analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.07 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DDI. First Trust Direct Indexing L.P. acquired a new position in DoubleDown Interactive in the 4th quarter valued at about $82,000. B. Riley Financial Inc. raised its stake in DoubleDown Interactive by 2.4% in the 4th quarter. B. Riley Financial Inc. now owns 4,141,616 shares of the company’s stock valued at $30,441,000 after purchasing an additional 96,740 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV purchased a new stake in DoubleDown Interactive in the 4th quarter worth approximately $514,000.

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.