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

15.45

Mkt cap

793M

Volume

81K

High

16.18

P/E Ratio

6.81

52-wk high

16.75

Low

15.09

Div yield

N/A

52-wk low

7.16

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

B. Riley Securities has maintained its Buy rating on DoubleDown Interactive (NASDAQ:DDI) and raised the price target from $24 to $26.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:36 pm

DoubleDown Interactive shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:24 pm

DoubleDown Interactive (NASDAQ:DDI) reported Q2 earnings per share of $0.67, surpassing the analyst estimate of $0.49 by 36.73%. The company also reported sales of $88.24 million, beating the estimate of $83.79 million by 5.31%. Both earnings and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:06 pm

B. Riley Securities has reinstated a Buy rating on DoubleDown Interactive (NASDAQ:DDI) with a $24 price target, as announced by analyst David Bain.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:38 pm

SentinelOne shares dropped 16% after reporting mixed Q1 results, with a significant earnings miss but a slight revenue beat. Other notable stock movements include gains for Novo Integrated Sciences, Latam Logistic Properties, and Digital Health Acquisition Corp, and losses for Smart for Life, Sify Technologies, and MongoDB.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 5:17 pm

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