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 a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.3333.

DDI has been the topic of a number of research analyst reports. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Wedbush cut their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of DoubleDown Interactive in a research report on Friday, August 7th. Finally, B. Riley Financial boosted 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.

DoubleDown Interactive Price Performance

NASDAQ:DDI opened at $12.82 on Friday. The company has a quick ratio of 18.67, a current ratio of 18.67 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is $11.97 and its two-hundred day simple moving average is $10.72. The stock has a market cap of $635.27 million, a PE ratio of 5.09 and a beta of 1.03. DoubleDown Interactive has a 52 week low of $8.10 and a 52 week high of $13.28.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $94.29 million during the quarter, compared to analyst estimates of $92.90 million. As a group, analysts forecast that DoubleDown Interactive will post 2.58 EPS for the current fiscal year.

Institutional Trading of DoubleDown Interactive

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its holdings in shares of 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 during the last quarter. Corient Private Wealth LLC bought a new stake in shares of DoubleDown Interactive in the fourth quarter worth about $94,000. GAMMA Investing LLC purchased a new stake in shares of DoubleDown Interactive in the second quarter worth about $155,000. XTX Topco Ltd purchased a new stake in shares of DoubleDown Interactive in the fourth quarter worth about $118,000. Finally, Whetstone Capital Advisors LLC bought a new position in DoubleDown Interactive during the fourth quarter valued at approximately $173,000.

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.