DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analyst sentiment is neutral: Five firms give DoubleDown Interactive a consensus “Hold” rating—four holds and one buy—with an average 1-year price target of $17.88. Recent reports included downgrades from B. Riley and Roth Capital to neutral.
• Quarterly results were mixed: Earnings per share of $0.37 missed the $0.60 analyst consensus, while revenue of $94.27 million exceeded expectations of $92.64 million.
• DoubleU Games launched a tender offer for DoubleDown’s remaining ADSs at $16.25 per ADS; the company’s independent committee and board recommended that unaffiliated shareholders accept. Completion remains subject to the offer’s terms.

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI - Get Free Report) has earned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.88.

DDI has been the topic of a number of recent analyst reports. B. Riley Financial downgraded DoubleDown Interactive from a "buy" rating to a "neutral" rating in a research note on Monday. Roth Capital cut DoubleDown Interactive from a "buy" rating to a "neutral" rating and set a $16.25 target price for the company. in a research report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of DoubleDown Interactive in a report on Wednesday, November 4th. Finally, Canadian Imperial Bank of Commerce set a $16.25 price target on shares of DoubleDown Interactive in a research report on Thursday.

More DoubleDown Interactive News

Investors following DDI have been watching these news items:

• Positive Sentiment: Majority owner DoubleU Games commenced an all-cash tender offer for DDI’s remaining ADSs at $16.25 per ADS. DoubleDown’s independent special committee and board recommended that unaffiliated shareholders accept. The offer price is above the $15.72 price cited in the background, potentially providing upside if the transaction closes; completion remains subject to the offer’s terms. Tender offer announcement
• Neutral Sentiment: Brodski & Smith announced an investor investigation involving DoubleDown. The notice provides no specific findings or allegations, so its potential impact is uncertain. Investor investigation notice
• Negative Sentiment: Third-quarter EPS was $0.37, below the $0.60 consensus estimate, despite revenue of $94.27 million topping expectations of $92.64 million. The earnings miss may weigh on sentiment. Quarterly earnings report

DoubleDown Interactive Price Performance

NASDAQ DDI opened at $15.72 on Thursday. DoubleDown Interactive has a fifty-two week low of $8.10 and a fifty-two week high of $15.78. The stock's 50-day moving average is $13.42 and its two-hundred day moving average is $11.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 18.67 and a quick ratio of 18.67. The firm has a market cap of $778.97 million, a P/E ratio of 6.24 and a beta of 1.11.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.23). The company had revenue of $94.27 million during the quarter, compared to analyst estimates of $92.64 million. DoubleDown Interactive had a return on equity of 12.93% and a net margin of 32.91%. On average, analysts anticipate that DoubleDown Interactive will post 2.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd acquired a new position in DoubleDown Interactive in the 3rd quarter valued at $145,000. GAMMA Investing LLC acquired a new position in DoubleDown Interactive during the 2nd quarter worth $155,000. Eurizon Capital SGR S.p.A. bought a new stake in DoubleDown Interactive during the third quarter valued at about $282,000. Aristides Capital LLC boosted its holdings in DoubleDown Interactive by 15.5% during the first quarter. Aristides Capital LLC now owns 39,491 shares of the company's stock valued at $334,000 after acquiring an additional 5,297 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of DoubleDown Interactive by 35.7% in the first quarter. Renaissance Technologies LLC now owns 73,256 shares of the company's stock valued at $619,000 after purchasing an additional 19,256 shares during the last quarter.

DoubleDown Interactive Company Profile

DoubleDown Interactive is a digital gaming company focused on developing and publishing social casino games for mobile devices and online platforms. Its flagship title, DoubleDown Casino, offers virtual slot machines and other casino-style games for entertainment, using virtual currency rather than real-money wagering. The company's portfolio also includes other free-to-play casino games, which combine casino-style play with features such as in-game rewards and social interaction. Its games are distributed through app stores and web platforms and reach players in North America and other international markets.

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