DoubleDown Interactive (NASDAQ:DDI) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded DoubleDown Interactive (NASDAQ:DDI) from a "buy" to a "hold," joining other recent rating adjustments from firms like Weiss and Freedom Capital.
• The analyst landscape is mixed — three Buy and three Hold ratings result in a consensus of "Moderate Buy" with a consensus price target of $18.75.
• DDI recently missed quarterly expectations, reporting EPS of $0.49 versus $0.62 expected and revenue of $95.79M versus $99.61M, while shares trade near $10.99 with a 52‑week range of $8.09–$11.25 and a market cap of about $544.6M.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other brokerages have also issued reports on DDI. Weiss Ratings upgraded shares of DoubleDown Interactive from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. Freedom Capital lowered shares of DoubleDown Interactive from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.75.

DoubleDown Interactive Stock Performance

Shares of NASDAQ:DDI opened at $10.99 on Friday. DoubleDown Interactive has a 52-week low of $8.09 and a 52-week high of $11.25. The firm has a fifty day moving average of $8.93 and a 200 day moving average of $8.89. The firm has a market capitalization of $544.55 million, a PE ratio of 5.31 and a beta of 1.01.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.13). DoubleDown Interactive had a return on equity of 11.27% and a net margin of 28.48%.The company had revenue of $95.79 million during the quarter, compared to analysts' expectations of $99.61 million. On average, sell-side analysts forecast that DoubleDown Interactive will post 2.27 EPS for the current fiscal year.

Institutional Trading of DoubleDown Interactive

Several hedge funds have recently added to or reduced their stakes in DDI. Osaic Holdings Inc. lifted its stake 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 purchasing an additional 2,397 shares during the last quarter. Four Tree Island Advisory LLC bought a new stake in DoubleDown Interactive in the fourth quarter worth $93,000. Corient Private Wealth LLC bought a new stake in DoubleDown Interactive in the fourth quarter worth $94,000. XTX Topco Ltd bought a new stake in DoubleDown Interactive in the fourth quarter worth $118,000. Finally, Whetstone Capital Advisors LLC bought a new stake in DoubleDown Interactive in the fourth quarter worth $173,000.

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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