DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.60.

A number of brokerages recently commented on DDI. Weiss Ratings reissued a “hold (c-)” rating on shares of DoubleDown Interactive in a research note on Wednesday, January 21st. Loop Capital set a $16.00 price objective on DoubleDown Interactive in a report on Monday, November 3rd. Wedbush reiterated an “outperform” rating and set a $21.00 target price on shares of DoubleDown Interactive in a research report on Tuesday, November 11th. Finally, Wall Street Zen raised shares of DoubleDown Interactive from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd.

DoubleDown Interactive Stock Performance

DDI opened at $8.46 on Friday. The stock has a market capitalization of $436.07 million, a price-to-earnings ratio of 3.68 and a beta of 0.85. The company has a fifty day moving average of $8.89 and a 200 day moving average of $9.15. DoubleDown Interactive has a fifty-two week low of $8.09 and a fifty-two week high of $11.25.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. The business had revenue of $95.85 million for the quarter, compared to analysts’ expectations of $94.28 million. DoubleDown Interactive had a net margin of 32.94% and a return on equity of 12.92%. On average, equities research analysts forecast that DoubleDown Interactive will post 2.28 earnings per share for the current year.

Institutional Trading of DoubleDown Interactive

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in DoubleDown Interactive by 338.6% in the second quarter. Osaic Holdings Inc. now owns 3,105 shares of the company’s stock worth $30,000 after acquiring an additional 2,397 shares in the last quarter. Four Tree Island Advisory LLC purchased a new stake in DoubleDown Interactive during the fourth quarter valued at approximately $93,000. Goldman Sachs Group Inc. lifted its stake in shares of DoubleDown Interactive by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock valued at $285,000 after purchasing an additional 16,128 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of DoubleDown Interactive in the 3rd quarter worth approximately $319,000. Finally, Black Maple Capital Management LP bought a new position in shares of DoubleDown Interactive during the 2nd quarter valued at approximately $478,000.

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.