DoubleDown Interactive (NASDAQ:DDI) Trading Down 5.1% – Time to Sell?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)’s stock price was down 5.1% during mid-day trading on Monday . The company traded as low as $10.23 and last traded at $10.23. Approximately 28,431 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 37,952 shares. The stock had previously closed at $10.78.

Analysts Set New Price Targets

Several research firms recently commented on DDI. Wedbush lifted their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities lifted their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

DoubleDown Interactive Price Performance

The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. The firm has a market cap of $516.34 million, a PE ratio of 4.53 and a beta of 0.87. The stock has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $13.39.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results 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 during the quarter, compared to analyst estimates 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 previous year, the company earned $0.54 earnings per share. As a group, equities analysts expect that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current year.

Institutional Investors Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC boosted its position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,500 shares of the company’s stock after buying an additional 18,200 shares during the period. Renaissance Technologies LLC owned 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent quarter.

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.