DoubleDown Interactive (NASDAQ:DDI) Trading 5.5% Higher

Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) shot up 5.5% on Monday . The stock traded as high as $15.67 and last traded at $15.56. 48,832 shares traded hands during trading, an increase of 56% from the average session volume of 31,215 shares. The stock had previously closed at $14.75.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DDI. B. Riley increased their price target on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Northland Securities increased their target price on DoubleDown Interactive from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Finally, Wedbush boosted their price target on DoubleDown Interactive from $14.75 to $16.25 and gave the company an “outperform” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Price Performance

The stock has a 50 day moving average of $13.12 and a two-hundred day moving average of $12.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 18.68. The stock has a market cap of $805.24 million, a PE ratio of 7.56 and a beta of 0.83.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a return on equity of 15.62% and a net margin of 34.85%. The business had revenue of $88.24 million for the quarter, compared to the consensus estimate of $83.87 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DoubleDown Interactive stock. Arbor Capital Management Inc. ADV acquired a new stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 69,969 shares of the company’s stock, valued at 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.