DoubleDown Interactive (NASDAQ:DDI) Now Covered by Analysts at Roth Capital

Equities researchers at Roth Capital assumed coverage on shares of DoubleDown Interactive (NASDAQ:DDI - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $16.00 price target on the stock. Roth Capital's price target indicates a potential upside of 79.78% from the company's previous close.

A number of other research analysts have also issued reports on the company. Wedbush reiterated an "outperform" rating and issued a $21.00 target price on shares of DoubleDown Interactive in a report on Wednesday, May 14th. B. Riley cut their price target on DoubleDown Interactive from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered DoubleDown Interactive from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.25.

DoubleDown Interactive Stock Up 1.5%

Shares of NASDAQ DDI opened at $8.90 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 16.04 and a quick ratio of 16.04. The company has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $10.14. DoubleDown Interactive has a 1 year low of $8.09 and a 1 year high of $18.21. The company has a market capitalization of $441.00 million, a P/E ratio of 3.74 and a beta of 0.89.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). DoubleDown Interactive had a return on equity of 14.21% and a net margin of 34.95%. The business had revenue of $83.49 million for the quarter, compared to analyst estimates of $84.63 million. On average, equities research analysts predict that DoubleDown Interactive will post 2.28 earnings per share for the current year.

Hedge Funds Weigh In On DoubleDown Interactive

A number of institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in DoubleDown Interactive during the 4th quarter worth $153,000. Boston Partners purchased a new stake in DoubleDown Interactive during the 4th quarter valued at approximately $354,000. Trexquant Investment LP purchased a new position in shares of DoubleDown Interactive in the 4th quarter valued at approximately $106,000. Aristides Capital LLC increased its holdings in shares of DoubleDown Interactive by 26.4% in the fourth quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock valued at $342,000 after purchasing an additional 6,841 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of DoubleDown Interactive by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 62,400 shares of the company's stock worth $651,000 after purchasing an additional 8,022 shares during the last quarter.

DoubleDown Interactive Company Profile

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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