Wedbush upgraded shares of DoubleDown Interactive (NASDAQ:DDI - Free Report) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports. Wedbush also issued estimates for DoubleDown Interactive's Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.24 EPS, FY2026 earnings at $2.28 EPS and FY2027 earnings at $2.37 EPS.
Several other equities analysts also recently issued reports on DDI. Roth Capital initiated coverage on shares of DoubleDown Interactive in a report on Monday, June 23rd. They set a "buy" rating and a $16.00 price target for the company. Wall Street Zen lowered shares of DoubleDown Interactive from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, B. Riley cut their target price on shares of DoubleDown Interactive from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $19.25.
Read Our Latest Research Report on DDI
DoubleDown Interactive Price Performance
Shares of DDI stock traded up $0.12 during trading hours on Tuesday, hitting $9.72. The company had a trading volume of 23,421 shares, compared to its average volume of 46,637. DoubleDown Interactive has a 12 month low of $8.09 and a 12 month high of $18.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 16.04 and a current ratio of 16.04. The firm's fifty day moving average is $9.80 and its 200 day moving average is $10.00. The firm has a market capitalization of $481.63 million, a price-to-earnings ratio of 4.08 and a beta of 0.87.
DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.07). The company had revenue of $83.49 million during 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, sell-side analysts predict that DoubleDown Interactive will post 2.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DDI. B. Riley Financial Inc. increased its position in DoubleDown Interactive by 3.8% in the 4th quarter. B. Riley Financial Inc. now owns 4,186,412 shares of the company's stock valued at $43,706,000 after acquiring an additional 154,087 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of DoubleDown Interactive by 10.3% during the fourth quarter. Ameriprise Financial Inc. now owns 517,341 shares of the company's stock valued at $5,401,000 after purchasing an additional 48,244 shares during the last quarter. Millennium Management LLC increased its holdings in shares of DoubleDown Interactive by 25.2% in the fourth quarter. Millennium Management LLC now owns 77,624 shares of the company's stock valued at $810,000 after purchasing an additional 15,641 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of DoubleDown Interactive by 14.8% in 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 in the last quarter. Finally, Acadian Asset Management LLC raised its position in DoubleDown Interactive by 124.7% in the 1st quarter. Acadian Asset Management LLC now owns 60,282 shares of the company's stock worth $591,000 after purchasing an additional 33,459 shares during the last quarter.
DoubleDown Interactive Company Profile
(
Get Free Report)
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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