DoubleDown Interactive (NASDAQ:DDI) Share Price Falls 7%

The stock price of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get Free Report ) fell 7% during trading on Tuesday. The company traded as high as $15.35 and last traded at $15.35. About 33,123 shares changed hands during mid-day trading, up 5% from the average daily volume of 31,610 shares. Shares previously closed at $16.50.

Changes in Analyst Ratings

A number of equities research analysts have recently issued reports on DDI shares. B. Riley boosted their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Wedbush boosted their price objective on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, Northland Securities boosted their price objective on shares of DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. .

View the latest stock analysis on DDI

DoubleDown interactive stock performance

The company’s 50-day moving average price is $13.22 and its 200-day moving average price is $12.30. 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 $777.98 million, a P/E ratio of 7.30 and a beta of 0.83.

DoubleDown Interactive (NASDAQ:DDI – Get Your Free Report ) last released its earnings results on Monday, August 12th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. The company had revenue of $88.24 million for the quarter, compared to analysts’ expectations of $83.87 million. In the same quarter last year, the company earned $0.49 EPS. As a group, sell-side analysts expect that DoubleDown Interactive Co., Ltd. will post 2.35 earnings per share for the current fiscal year.

Institutional inputs and outputs

A hedge fund recently bought a new stake in shares of DoubleDown Interactive. Arbor Capital Management Inc. ADV bought a new stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 69,969 shares of the company’s stock, valued at approximately $514,000.

About DoubleDown Interactive

(Get a free report)

DoubleDown Interactive Co, Ltd. is engaged in developing and publishing casual games and mobile applications in South Korea. Publish digital game 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 virtual tokens in the game.

Featured stories

Get news and reviews for DoubleDown Interactive Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DoubleDown Interactive and related companies with MarketBeat.com’s FREE daily email newsletter.