DoubleDown Interactive (NASDAQ:DDI) Receives "Hold (C-)" Rating from Weiss Ratings

Key Points

• DoubleDown Interactive received a "hold (C-)" rating from Weiss Ratings, suggesting a cautious outlook on its stock performance.
• The stock has seen mixed analyst ratings, with one Strong Buy, three Buy, and two Hold ratings, leading to an average rating of "Moderate Buy" with a consensus price target of $19.25.
• Despite a reported EPS miss of $0.44 against the $0.51 expectation, the company generated revenue of $84.81 million, exceeding estimates.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report)'s stock had its "hold (c-)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other analysts have also recently commented on DDI. Wedbush upgraded shares of DoubleDown Interactive to a "strong-buy" rating in a research note on Tuesday, July 1st. Zacks Research cut shares of DoubleDown Interactive from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.25.

DoubleDown Interactive Price Performance

Shares of DDI stock opened at $8.83 on Friday. The stock has a market cap of $437.53 million, a P/E ratio of 4.11 and a beta of 0.85. The company has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $9.59. DoubleDown Interactive has a one year low of $8.09 and a one year high of $18.21.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.07). The firm had revenue of $84.81 million during the quarter, compared to analyst estimates of $83.13 million. DoubleDown Interactive had a net margin of 31.91% and a return on equity of 12.44%. As a group, equities research analysts anticipate that DoubleDown Interactive will post 2.28 EPS for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

Several hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in shares of DoubleDown Interactive by 338.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company's stock valued at $30,000 after purchasing an additional 2,397 shares during the last quarter. Trexquant Investment LP grew its holdings 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 valued at $171,000 after purchasing an additional 7,142 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of DoubleDown Interactive during the 1st quarter valued at approximately $202,000. Goldman Sachs Group Inc. grew its holdings in shares of DoubleDown Interactive by 127.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company's stock valued at $285,000 after purchasing an additional 16,128 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of DoubleDown Interactive during the 3rd quarter valued at approximately $319,000.

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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