DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Given Average Recommendation of “Hold” by Analysts

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has received an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.3333.

Several equities analysts have recently commented on DDI shares. Wall Street Zen upgraded DoubleDown Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. B. Riley Financial increased their target price on shares of DoubleDown Interactive from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Freedom Capital downgraded shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Wedbush reduced their price target on shares of DoubleDown Interactive from $21.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoubleDown Interactive in a research report on Friday, August 7th.

Hedge Funds Weigh In On DoubleDown Interactive

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its position in DoubleDown Interactive by 338.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company’s stock valued at $30,000 after acquiring an additional 2,397 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of DoubleDown Interactive in the 4th quarter valued at $93,000. Corient Private Wealth LLC bought a new position in shares of DoubleDown Interactive in the 4th quarter worth $94,000. GAMMA Investing LLC bought a new position in shares of DoubleDown Interactive in the 2nd quarter worth $155,000. Finally, XTX Topco Ltd purchased a new stake in shares of DoubleDown Interactive during the 4th quarter worth $118,000.

DoubleDown Interactive Trading Up 2.7%

DDI opened at $12.78 on Wednesday. The stock’s fifty day moving average is $11.64 and its two-hundred day moving average is $10.36. The company has a market capitalization of $633.25 million, a P/E ratio of 5.07 and a beta of 1.02. DoubleDown Interactive has a 52 week low of $8.10 and a 52 week high of $13.05. The company has a quick ratio of 18.67, a current ratio of 18.67 and a debt-to-equity ratio of 0.03.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Tuesday, August 11th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. DoubleDown Interactive had a return on equity of 12.93% and a net margin of 32.91%.The business had revenue of $94.29 million during the quarter, compared to analyst estimates of $92.90 million. Analysts forecast that DoubleDown Interactive will post 2.58 earnings per share for the current year.

About DoubleDown Interactive

DoubleDown Interactive (NASDAQ: DDI) is a digital entertainment company that specializes in the development and publishing of social casino games. The company’s portfolio centers around free-to-play titles that emulate the experience of land-based casino games such as slots, video poker, bingo and table games. By blending high-quality graphics, engaging gameplay features and real-time social mechanics, DoubleDown Interactive aims to deliver a virtual casino environment accessible via web, mobile and social media platforms.

The company’s flagship offering, DoubleDown Casino, serves as a hub for multiple slot and table-style games, enabling millions of registered players to compete in tournaments, unlock new machines and purchase virtual coins through in-app transactions.