DoubleDown Interactive (NASDAQ:DDI) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of DoubleDown Interactive (NASDAQ:DDI) from a buy rating to a hold rating in a report released on Thursday morning.

Other analysts have also recently issued research reports about the stock. Northland Securities dropped their target price on shares of DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $21.00 target price on shares of DoubleDown Interactive in a research report on Wednesday, May 14th. Finally, B. Riley lowered their price objective on shares of DoubleDown Interactive from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th.

DoubleDown Interactive Stock Performance

Shares of DoubleDown Interactive stock opened at $9.84 on Thursday. The firm has a fifty day moving average of $9.89 and a two-hundred day moving average of $10.94. The stock has a market capitalization of $487.35 million, a price-to-earnings ratio of 3.92 and a beta of 0.89. DoubleDown Interactive has a 52 week low of $8.88 and a 52 week high of $18.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Tuesday, May 13th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.07). The business had revenue of $83.49 million for the quarter, compared to the consensus estimate of $84.63 million. DoubleDown Interactive had a net margin of 36.37% and a return on equity of 15.52%. As a group, equities research analysts predict that DoubleDown Interactive will post 2.28 EPS for the current year.

Institutional Trading of DoubleDown Interactive

Large investors have recently made changes to their positions in the company. B. Riley Financial Inc. increased its position in shares of DoubleDown Interactive by 3.8% in the 4th quarter. B. Riley Financial Inc. now owns 4,186,412 shares of the company’s stock valued at $43,706,000 after buying an additional 154,087 shares in the last quarter. Boston Partners acquired a new position in DoubleDown Interactive in the 4th quarter worth $354,000. JPMorgan Chase & Co. acquired a new position in DoubleDown Interactive in the 3rd quarter worth $81,000. Marshall Wace LLP boosted its stake in DoubleDown Interactive by 129.3% in the 4th quarter. Marshall Wace LLP now owns 47,420 shares of the company’s stock worth $495,000 after purchasing an additional 26,743 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in DoubleDown Interactive in the 4th quarter worth $153,000.

About DoubleDown Interactive

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.