DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Given Average Recommendation of "Buy" by Brokerages

Key Points

• DoubleDown Interactive Co., Ltd. has received an average recommendation of "Buy" from five analysts, with three rating it as a buy and two as a strong buy.
• The company's stock price target averages $19.25, even though its current trading price is around $9.32, reflecting potential upside for investors.
• Despite posting a revenue of $84.81 million, DoubleDown missed EPS estimates by $0.07, reporting $0.44 EPS for the last quarter.

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI - Get Free Report) has earned an average recommendation of "Buy" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.25.

A number of analysts recently commented on the company. Roth Capital assumed coverage on DoubleDown Interactive in a research report on Monday, June 23rd. They issued a "buy" rating and a $16.00 price objective for the company. Wedbush upgraded DoubleDown Interactive to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Zacks Research upgraded DoubleDown Interactive from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th.

Institutional Investors Weigh In On DoubleDown Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of DDI. Osaic Holdings Inc. raised its position in DoubleDown Interactive by 338.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company's stock valued at $30,000 after buying an additional 2,397 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of DoubleDown Interactive during the 4th quarter worth approximately $111,000. Trexquant Investment LP raised its stake in shares of DoubleDown Interactive by 70.6% during the 1st quarter. Trexquant Investment LP now owns 17,262 shares of the company's stock worth $171,000 after purchasing an additional 7,142 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of DoubleDown Interactive by 1,376.7% during the 1st quarter. GAMMA Investing LLC now owns 1,713 shares of the company's stock worth $173,000 after purchasing an additional 1,597 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of DoubleDown Interactive during the 1st quarter worth approximately $202,000.

DoubleDown Interactive Stock Down 0.2%

Shares of DoubleDown Interactive stock opened at $9.32 on Friday. The stock has a market capitalization of $461.81 million, a P/E ratio of 4.33 and a beta of 0.87. The stock has a 50 day moving average price of $9.47 and a two-hundred day moving average price of $9.70. DoubleDown Interactive has a 12-month low of $8.09 and a 12-month high of $18.21.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). DoubleDown Interactive had a return on equity of 12.44% and a net margin of 31.91%.The firm had revenue of $84.81 million during the quarter, compared to the consensus estimate of $83.13 million. Sell-side analysts anticipate that DoubleDown Interactive will post 2.28 earnings per share for the current year.

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.

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