Northland Securities Raises DoubleDown Interactive (NASDAQ:DDI) Price Target to $21.00

DoubleDown Interactive (NASDAQ:DDI) had its target price boosted by Northland Securities from $18.00 to $21.00 in a report released on Tuesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

DDI has been the subject of several other reports. Wedbush boosted their price objective on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday. B. Riley boosted their price target on DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

DoubleDown Interactive Trading Down 4.7 %

Shares of DoubleDown Interactive stock opened at $16.20 on Tuesday. DoubleDown Interactive has a 52-week low of $7.16 and a 52-week high of $18.21. The stock has a market cap of $802.71 million, a PE ratio of 7.04 and a beta of 0.88. The firm has a 50-day moving average of $14.42 and a 200-day moving average of $13.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 18.68 and a current ratio of 18.68.

DoubleDown Interactive (NASDAQ:DDI) last announced its earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). DoubleDown Interactive had a return on equity of 15.07% 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 in the previous year, the company earned $0.54 EPS. As a group, sell-side analysts forecast that DoubleDown Interactive will post 2.35 EPS for the current year.

Hedge Funds Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC raised its position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the quarter. Renaissance Technologies LLC owned about 0.08% of DoubleDown Interactive worth $529,000 as of its most recent SEC filing.

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.