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

DoubleDown Interactive (NASDAQ:DDI) had its target price lowered by research analysts at Northland Securities from $21.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price would indicate a potential upside of 66.67% from the company’s current price.

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

DoubleDown Interactive Price Performance

Shares of NASDAQ DDI opened at $10.80 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. The company has a market cap of $535.14 million, a PE ratio of 4.70 and a beta of 0.94. The business has a 50-day simple moving average of $10.85 and a two-hundred day simple moving average of $12.91. DoubleDown Interactive has a fifty-two week low of $8.56 and a fifty-two week high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04). The business had revenue of $82.98 million during the quarter, compared to analyst estimates of $83.49 million. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same period in the prior year, the business posted $0.54 EPS. As a group, equities analysts expect that DoubleDown Interactive will post 2.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in DoubleDown Interactive during the third quarter valued at approximately $2,026,000. JPMorgan Chase & Co. purchased a new position in DoubleDown Interactive during the third quarter valued at approximately $81,000. Heck Capital Advisors LLC purchased a new position in DoubleDown Interactive during the fourth quarter valued at approximately $76,000. Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive in the fourth quarter valued at approximately $153,000. Finally, Boston Partners purchased a new stake in shares of DoubleDown Interactive in the fourth quarter valued at approximately $354,000.

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.