DoubleDown Interactive (NASDAQ:DDI) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of DoubleDown Interactive (NASDAQ:DDI) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “DoubleDown Interactive Co. Ltd. is a developer and publisher of digital social casino games. DoubleDown Interactive Co. Ltd. is based in SEATTLE. “

Several other analysts have also recently commented on the company. Northland Securities initiated coverage on DoubleDown Interactive in a research report on Monday, September 27th. They issued an outperform rating and a $25.00 target price on the stock. B. Riley initiated coverage on DoubleDown Interactive in a report on Monday, September 27th. They issued a buy rating and a $30.00 target price on the stock.

Shares of NASDAQ DDI opened at $15.64 on Tuesday. DoubleDown Interactive has a fifty-two week low of $14.15 and a fifty-two week high of $18.50. The company’s 50 day simple moving average is $15.43. The company has a quick ratio of 11.69, a current ratio of 11.69 and a debt-to-equity ratio of 0.05.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results on Wednesday, November 10th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.19. The firm had revenue of $87.01 million for the quarter, compared to the consensus estimate of $87.42 million. Equities analysts expect that DoubleDown Interactive will post 2.34 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in DDI. TCW Group Inc. acquired a new stake in shares of DoubleDown Interactive in the third quarter worth about $1,937,000. B. Riley Financial Inc. acquired a new stake in shares of DoubleDown Interactive in the third quarter worth about $33,500,000. Glaxis Capital Management LLC acquired a new stake in shares of DoubleDown Interactive in the third quarter worth about $792,000. Alta Fundamental Advisers LLC acquired a new stake in shares of DoubleDown Interactive in the third quarter worth about $2,642,000. Finally, Precept Management LLC acquired a new stake in shares of DoubleDown Interactive in the third quarter worth about $652,000. 10.94% of the stock is owned by institutional investors.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co Ltd. is a developer and publisher of digital social casino games. DoubleDown Interactive Co Ltd. is based in SEATTLE.

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