DoubleDown Interactive (NASDAQ:DDI) Price Target Cut to $18.00 by Analysts at Northland Securities

DoubleDown Interactive (NASDAQ:DDI) had its target price trimmed by Northland Securities from $21.00 to $18.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, Wedbush raised their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th.

DoubleDown Interactive Stock Down 7.3 %

DoubleDown Interactive stock opened at $10.01 on Wednesday. The firm’s 50 day moving average price is $10.80 and its two-hundred day moving average price is $12.90. DoubleDown Interactive has a twelve month low of $8.56 and a twelve month high of $18.21. The firm has a market cap of $496.03 million, a PE ratio of 4.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. The business had revenue of $82.98 million for the quarter, compared to analyst estimates of $83.49 million. During the same quarter last year, the company earned $0.54 EPS. On average, research analysts predict that DoubleDown Interactive will post 2.38 EPS for the current fiscal year.

Institutional Trading of DoubleDown Interactive

A number of hedge funds have recently bought and sold shares of DDI. Heck Capital Advisors LLC bought a new stake in DoubleDown Interactive in the 4th quarter valued at $76,000. JPMorgan Chase & Co. bought a new position in shares of DoubleDown Interactive during the 3rd quarter worth about $81,000. Trexquant Investment LP bought a new position in shares of DoubleDown Interactive during the 4th quarter worth about $106,000. Raymond James Financial Inc. bought a new position in shares of DoubleDown Interactive during the 4th quarter worth about $153,000. Finally, Boston Partners bought a new position in shares of DoubleDown Interactive during the 4th quarter worth about $354,000.

About DoubleDown Interactive

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.