Analysts Set DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Target Price at $19.25

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) have been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.25.

A number of analysts have recently weighed in on DDI shares. Roth Capital started coverage on DoubleDown Interactive in a research report on Monday, June 23rd. They set a “buy” rating and a $16.00 price target on the stock. Zacks Research cut DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Wedbush upgraded DoubleDown Interactive to a “strong-buy” rating in a research report on Tuesday, July 1st.

DoubleDown Interactive Trading Down 0.3%

Shares of DoubleDown Interactive stock opened at $9.32 on Friday. The business’s 50 day simple moving average is $9.44 and its 200-day simple moving average is $9.69. The stock has a market capitalization of $461.83 million, a price-to-earnings ratio of 4.33 and a beta of 0.85. DoubleDown Interactive has a twelve month low of $8.09 and a twelve month high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The company had revenue of $84.81 million for the quarter, compared to analyst estimates of $83.13 million. DoubleDown Interactive had a return on equity of 12.44% and a net margin of 31.91%. Sell-side analysts predict that DoubleDown Interactive will post 2.28 earnings per share for the current year.

Institutional Trading of DoubleDown Interactive

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in DoubleDown Interactive by 1,376.7% during the 1st quarter. GAMMA Investing LLC now owns 1,713 shares of the company’s stock valued at $173,000 after purchasing an additional 1,597 shares in the last quarter. Osaic Holdings Inc. boosted its stake 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 purchasing an additional 2,397 shares in the last quarter. BNP Paribas Financial Markets bought a new position in DoubleDown Interactive during the 4th quarter valued at $111,000. Trexquant Investment LP boosted its stake in DoubleDown Interactive by 70.6% during the 1st quarter. Trexquant Investment LP now owns 17,262 shares of the company’s stock valued at $171,000 after purchasing an additional 7,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in DoubleDown Interactive during the 1st quarter valued at $202,000.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.