Brokerages 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 earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $19.25.

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DoubleDown Interactive in a research report on Friday. Zacks Research downgraded shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wedbush upgraded shares of DoubleDown Interactive to a “strong-buy” rating in a report on Tuesday, July 1st.

Hedge Funds Weigh In On DoubleDown Interactive

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. acquired a new position in shares of DoubleDown Interactive in the first quarter valued at about $202,000. Goldman Sachs Group Inc. grew its stake in shares of DoubleDown Interactive by 127.4% in the first quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock valued at $285,000 after acquiring an additional 16,128 shares in the last quarter. Trexquant Investment LP grew its stake in shares of DoubleDown Interactive by 70.6% in the first quarter. Trexquant Investment LP now owns 17,262 shares of the company’s stock valued at $171,000 after acquiring an additional 7,142 shares in the last quarter. Boston Partners grew its stake in shares of DoubleDown Interactive by 44.8% in the first quarter. Boston Partners now owns 49,149 shares of the company’s stock valued at $487,000 after acquiring an additional 15,196 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of DoubleDown Interactive by 124.7% in the first quarter. Acadian Asset Management LLC now owns 60,282 shares of the company’s stock valued at $591,000 after acquiring an additional 33,459 shares in the last quarter.

DoubleDown Interactive Stock Down 2.6%

DDI stock opened at $8.83 on Thursday. The stock’s fifty day simple moving average is $9.26 and its 200-day simple moving average is $9.60. DoubleDown Interactive has a 52-week low of $8.09 and a 52-week high of $18.21. The stock has a market capitalization of $437.53 million, a price-to-earnings ratio of 4.11 and a beta of 0.85.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). DoubleDown Interactive had a return on equity of 12.44% and a net margin of 31.91%.The firm had revenue of $84.81 million for the quarter, compared to the consensus estimate of $83.13 million. As a group, analysts anticipate that DoubleDown Interactive will post 2.28 earnings per share for the current fiscal year.

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.