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 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

Ambarella, Inc. (NASDAQ:AMBA) posted strong first-quarter earnings and upbeat second-quarter guidance, leading to a 23% rise in its stock price. Other notable gainers include Latam Logistic Properties, The Gap, AC Immune, Larimar Therapeutics, DoubleDown Interactive, American Superconductor, PENN Entertainment, PagerDuty, V.F. Corporation, Elastic, Zscaler, flyExclusive, United States Cellular, Telephone and Data Systems, Janux Therapeutics, Nordstrom, Elevance Health, Asana, and The Cooper Companies.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 2:40 pm

Wedbush analyst Nick McKay has maintained an Outperform rating on DoubleDown Interactive (NASDAQ:DDI) and increased the price target from $13.5 to $14.75.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:22 pm

DoubleDown Interactive (NASDAQ:DDI) reported Q1 2024 earnings per share (EPS) of $0.61, surpassing the consensus estimate of $0.48 by 27.08%. Quarterly sales reached $88.100 million, exceeding expectations by 7.05% against the $82.298 million estimate.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:29 pm

In Monday's intraday session, several Communication Services stocks experienced significant movements. Hanryu Holdings led the gainers with a 28.1% increase, while MediaCo Holding saw the largest decline at 25.8%. Other notable movers include FingerMotion, CuriosityStream, and trivago on the gainers' side, and Collective Audience, HWH International, and GD Culture Group among the losers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:31 pm

Byrna Technologies Inc. shares rose by 7.1% after reporting Q1 revenue that exceeded expectations and announcing a CFO transition. Other stocks also moved significantly in the mid-day session, with notable gainers including MediaCo Holding Inc., HUB Cyber Security Ltd., and GCT Semiconductor Holding, Inc., among others. Losers included Semantix, Inc., noco-noco Inc., and IM Cannabis Corp. Key reasons for movements include stake acquisitions, financing deals, MOUs, earnings reports, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 5:06 pm

Ermenegildo Zegna N.V. (ZGN) reported a significant increase in FY23 profits, yet shares fell 14%. Other stocks like Altice USA (ATUS), DoubleDown Interactive (DDI), and Herbalife (HLF) also saw declines. Altice was downgraded by Wells Fargo, and Herbalife is anticipated to release Q1 2024 results soon.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 2:27 pm

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