DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• DoubleDown Interactive has a consensus “Hold” rating among five analysts: three recommend holding and two recommend buying. The average 12-month price target is $18.33.
• DDI shares opened at $12.82, near their 52-week high of $13.28, with a market capitalization of approximately $635 million and a price-to-earnings ratio of 5.09.
• The company exceeded quarterly expectations, reporting EPS of $0.66 versus the $0.61 consensus and revenue of $94.29 million compared with estimates of $92.90 million.

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI - Get Free Report) have been given a consensus rating of "Hold" by the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.3333.

Several research analysts have issued reports on DDI shares. B. Riley Financial raised their target price on DoubleDown Interactive from $22.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Wedbush cut their target price on shares of DoubleDown Interactive from $21.00 to $15.00 and set an "outperform" rating for the company in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DoubleDown Interactive in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of DoubleDown Interactive from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th.

DoubleDown Interactive Price Performance

NASDAQ DDI opened at $12.82 on Friday. DoubleDown Interactive has a one year low of $8.10 and a one year high of $13.28. The stock has a 50-day moving average of $11.97 and a 200 day moving average of $10.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.67 and a current ratio of 18.67. The company has a market capitalization of $635.27 million, a price-to-earnings ratio of 5.09 and a beta of 1.03.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.05. DoubleDown Interactive had a net margin of 32.91% and a return on equity of 12.93%. The firm had revenue of $94.29 million for the quarter, compared to the consensus estimate of $92.90 million. On average, sell-side analysts forecast that DoubleDown Interactive will post 2.58 EPS for the current year.

Institutional Trading of DoubleDown Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aristides Capital LLC lifted its position in shares of DoubleDown Interactive by 4.5% during the 4th quarter. Aristides Capital LLC now owns 34,194 shares of the company's stock valued at $295,000 after buying an additional 1,480 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in DoubleDown Interactive by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 80,391 shares of the company's stock worth $694,000 after acquiring an additional 1,789 shares in the last quarter. Osaic Holdings Inc. raised its stake in DoubleDown Interactive by 338.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company's stock worth $30,000 after acquiring an additional 2,397 shares during the period. Corient Private Wealth LLC purchased a new position in DoubleDown Interactive during the fourth quarter valued at approximately $94,000. Finally, GAMMA Investing LLC purchased a new position in DoubleDown Interactive during the second quarter valued at approximately $155,000.

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.

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