Analysts Set DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Target Price at $18.75

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) have received an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $18.75.

Several brokerages have recently issued reports on DDI. Weiss Ratings cut shares of DoubleDown Interactive from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of DoubleDown Interactive from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

DoubleDown Interactive Stock Performance

DDI opened at $8.37 on Friday. The company has a market capitalization of $414.73 million, a PE ratio of 4.04 and a beta of 0.83. The stock’s fifty day moving average is $8.78 and its 200-day moving average is $8.94. DoubleDown Interactive has a one year low of $8.09 and a one year high of $11.25.

DoubleDown Interactive (NASDAQ:DDI) last released its earnings results on Wednesday, February 11th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). DoubleDown Interactive had a return on equity of 11.27% and a net margin of 28.48%.The firm had revenue of $95.79 million for the quarter, compared to analyst estimates of $99.61 million. On average, equities research analysts forecast that DoubleDown Interactive will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

Hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new stake in shares of DoubleDown Interactive during the second quarter valued at $5,759,000. 683 Capital Management LLC purchased a new position in DoubleDown Interactive in the 2nd quarter worth about $2,632,000. Boston Partners raised its holdings in DoubleDown Interactive by 53.7% during the 2nd quarter. Boston Partners now owns 75,528 shares of the company’s stock worth $723,000 after buying an additional 26,379 shares during the period. Corient Private Wealth LLC acquired a new stake in DoubleDown Interactive during the 4th quarter worth about $94,000. Finally, Ameriprise Financial Inc. lifted its stake in DoubleDown Interactive by 130.2% during the second quarter. Ameriprise Financial Inc. now owns 1,231,132 shares of the company’s stock valued at $11,782,000 after buying an additional 696,366 shares in the last quarter.

DoubleDown Interactive Company Profile

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.