DoubleDown Interactive (NASDAQ:DDI) Coverage Initiated at Roth Capital

Roth Capital started coverage on shares of DoubleDown Interactive (NASDAQ:DDI - Free Report) in a report issued on Monday, Marketbeat reports. The firm issued a buy rating and a $16.00 price target on the stock. Roth Capital also issued estimates for DoubleDown Interactive's Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.13 EPS, FY2026 earnings at $2.18 EPS and FY2027 earnings at $2.27 EPS.

A number of other brokerages also recently weighed in on DDI. Wedbush reaffirmed an "outperform" rating and set a $21.00 target price on shares of DoubleDown Interactive in a research note on Wednesday, May 14th. B. Riley lowered their price objective on DoubleDown Interactive from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, Wall Street Zen cut DoubleDown Interactive from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.25.

DoubleDown Interactive Stock Up 0.4%

Shares of DDI stock traded up $0.04 during midday trading on Monday, reaching $9.51. 23,088 shares of the stock were exchanged, compared to its average volume of 45,599. DoubleDown Interactive has a 1 year low of $8.09 and a 1 year high of $18.21. The firm has a market cap of $471.22 million, a PE ratio of 4.00 and a beta of 0.89. The company's 50 day moving average is $9.83 and its two-hundred day moving average is $10.08. The company has a current ratio of 16.04, a quick ratio of 16.04 and a debt-to-equity ratio of 0.04.

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

Hedge Funds Weigh In On DoubleDown Interactive

A number of hedge funds have recently added to or reduced their stakes in DDI. Raymond James Financial Inc. bought a new stake in shares of DoubleDown Interactive in the 4th quarter worth $153,000. Boston Partners bought a new stake in DoubleDown Interactive in the 4th quarter worth about $354,000. Trexquant Investment LP purchased a new position in DoubleDown Interactive in the 4th quarter worth about $106,000. Aristides Capital LLC boosted its holdings in shares of DoubleDown Interactive by 26.4% during the 4th quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock valued at $342,000 after acquiring an additional 6,841 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings 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 valued at $651,000 after purchasing an additional 8,022 shares during the last quarter.

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.