DoubleDown Interactive (NASDAQ:DDI) Sets New 52-Week High – Here’s What Happened

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDIGet Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $12.35 and last traded at $12.1250, with a volume of 9123 shares trading hands. The stock had previously closed at $12.14.

Analysts Set New Price Targets

Several equities analysts have recently commented on DDI shares. Wall Street Zen raised shares of DoubleDown Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of DoubleDown Interactive from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Wedbush reduced their price target on shares of DoubleDown Interactive from $21.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, Freedom Capital cut shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.67.

View Our Latest Research Report on DoubleDown Interactive

DoubleDown Interactive Stock Down 1.2%

The firm has a market cap of $593.11 million, a PE ratio of 5.20 and a beta of 1.01. The stock’s fifty day simple moving average is $9.70 and its two-hundred day simple moving average is $9.17.

DoubleDown Interactive (NASDAQ:DDIGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The business had revenue of $94.12 million for the quarter, compared to analysts’ expectations of $94.26 million. DoubleDown Interactive had a net margin of 30.77% and a return on equity of 12.16%. On average, equities research analysts anticipate that DoubleDown Interactive Co., Ltd. Sponsored ADR will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in shares of DoubleDown Interactive by 338.6% in the second quarter. Osaic Holdings Inc. now owns 3,105 shares of the company’s stock worth $30,000 after buying an additional 2,397 shares in the last quarter. Four Tree Island Advisory LLC bought a new position in shares of DoubleDown Interactive in the fourth quarter worth approximately $93,000. Corient Private Wealth LLC bought a new position in shares of DoubleDown Interactive in the fourth quarter worth approximately $94,000. XTX Topco Ltd bought a new position in shares of DoubleDown Interactive in the fourth quarter worth approximately $118,000. Finally, Whetstone Capital Advisors LLC bought a new position in shares of DoubleDown Interactive in the fourth quarter worth approximately $173,000.

DoubleDown Interactive Company Profile

(Get Free Report)

DoubleDown Interactive (NASDAQ: DDI) is a digital entertainment company that specializes in the development and publishing of social casino games. The company’s portfolio centers around free-to-play titles that emulate the experience of land-based casino games such as slots, video poker, bingo and table games. By blending high-quality graphics, engaging gameplay features and real-time social mechanics, DoubleDown Interactive aims to deliver a virtual casino environment accessible via web, mobile and social media platforms.

The company’s flagship offering, DoubleDown Casino, serves as a hub for multiple slot and table-style games, enabling millions of registered players to compete in tournaments, unlock new machines and purchase virtual coins through in-app transactions.

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