DoubleDown Interactive (NASDAQ:DDI) Sees Large Volume Increase – Should You Buy?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) shares saw unusually-strong trading volume on Friday . Approximately 56,260 shares were traded during trading, an increase of 51% from the previous session’s volume of 37,262 shares.The stock last traded at $10.81 and had previously closed at $12.14.

Analyst Upgrades and Downgrades

DDI has been the subject of a number of recent research reports. Northland Securities lifted their price target on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wedbush upped their target price on 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 Price Performance

The company has a market capitalization of $557.97 million, a PE ratio of 4.90 and a beta of 0.87. The company has a current ratio of 21.25, a quick ratio of 21.25 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $14.34 and its 200-day moving average price is $13.44.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly 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). The firm had revenue of $82.98 million for the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.54 EPS. On average, sell-side analysts forecast that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current fiscal year.

Institutional Trading of DoubleDown Interactive

A hedge fund recently bought a new stake in DoubleDown Interactive stock. Sanctuary Advisors LLC purchased a new position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 122,800 shares of the company’s stock, valued at approximately $2,026,000. Sanctuary Advisors LLC owned 0.25% of DoubleDown Interactive as of its most recent SEC filing.

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.