Streetbeat News

DDI

DoubleDown Interactive Co., Ltd.

https://www.doubledowninteractive.com

Industry

Electronic Gaming & Multimedia

DoubleDown Interactive Co., Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games. Its games are primarily distributed, marketed, and promoted through third party platform providers. The company was formerly known as The8Games Co., Ltd. and changed its name to DoubleDown Interactive Co., Ltd. in December 2019. The company was incorporated in 2008 and is headquartered in Seoul, South Korea. DoubleDown Interactive Co., Ltd. operates as a subsidiary of DoubleU Games Co., Ltd.

Open

14.58

Mkt cap

710M

Volume

27K

High

14.79

P/E Ratio

6.20

52-wk high

18.21

Low

14.26

Div yield

N/A

52-wk low

7.16

DoubleDown Interactive's Q3 results fell short of expectations, with revenue growth mainly from the acquisition of SuprNation rather than organic growth. Despite declining user metrics, ARPU and payer conversion rates improved. The company has strong liquidity and minimal debt but needs to improve its mobile offerings and customer service.

Portfolio Pulse from

November 21, 2024 | 6:00 pm

DoubleDown Interactive (DDI) is highlighted as a stock with a strong recent uptrend, making it a potential choice for investors seeking stocks with price strength.

Portfolio Pulse from

November 13, 2024 | 3:00 pm

DoubleDown Interactive (DDI) reported its Q3 2024 earnings and revenues, which missed estimates. However, the company saw growth in its core social casino and SuprNation iGaming businesses, with an increase in ARPDAU year-over-year.

Portfolio Pulse from

November 12, 2024 | 2:30 pm

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) held its Q3 2024 earnings conference call on November 11, 2024. Key participants included CEO In Keuk Kim and CFO Joseph Sigrist.

Portfolio Pulse from

November 12, 2024 | 4:30 am

DoubleDown Interactive reported its unaudited financial results for Q3 2024, highlighting its performance as a leading developer and publisher of digital games.

Portfolio Pulse from

November 11, 2024 | 9:30 pm

DoubleDown Interactive shares are experiencing an upward trend as several firms have increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:56 pm

Four analysts have recently published ratings on DoubleDown Interactive (NASDAQ:DDI), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $21.06, up 15.4% from the previous average of $18.25. Analysts from Northland Capital Markets, Wedbush, and B. Riley Securities have raised their price targets, reflecting positive market sentiment.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 7:01 pm

Northland Capital Markets has maintained an Outperform rating on DoubleDown Interactive (NASDAQ:DDI) and raised the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:18 pm

Top Wall Street analysts have updated their outlooks on several major stocks, including Starbucks, Alliant Energy, Sempra, DraftKings, 10x Genomics, KeyCorp, DoubleDown Interactive, Coherent Corp., Walmart, and Hormel Foods. Notable changes include upgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 1:28 pm

Wedbush analyst Nick McKay maintains an Outperform rating on DoubleDown Interactive (NASDAQ:DDI) and raises the price target from $14.75 to $16.25.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:49 pm

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