DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Receives $18.60 Average Price Target from Analysts

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.60.

A number of analysts recently issued reports on DDI shares. Zacks Research downgraded DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Loop Capital set a $16.00 price target on DoubleDown Interactive in a research note on Monday, November 3rd. Wall Street Zen upgraded DoubleDown Interactive from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of DoubleDown Interactive in a report on Wednesday, October 8th. Finally, Wedbush reissued an “outperform” rating and issued a $21.00 target price on shares of DoubleDown Interactive in a research note on Tuesday, November 11th.

Institutional Investors Weigh In On DoubleDown Interactive

Institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. lifted its stake in DoubleDown Interactive by 338.6% in 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 raised its stake in DoubleDown Interactive by 70.6% in the first quarter. Trexquant Investment LP now owns 17,262 shares of the company’s stock valued at $171,000 after buying an additional 7,142 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of DoubleDown Interactive by 127.4% in the first quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock valued at $285,000 after buying an additional 16,128 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of DoubleDown Interactive during the 3rd quarter worth approximately $319,000. Finally, Black Maple Capital Management LP acquired a new position in shares of DoubleDown Interactive during the 2nd quarter worth approximately $478,000.

DoubleDown Interactive Stock Up 0.9%

Shares of DDI stock opened at $9.09 on Tuesday. DoubleDown Interactive has a 12 month low of $8.09 and a 12 month high of $11.25. The company’s fifty day simple moving average is $8.93 and its 200-day simple moving average is $9.24. The firm has a market cap of $446.48 million, a PE ratio of 3.95 and a beta of 0.85.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. DoubleDown Interactive had a net margin of 32.94% and a return on equity of 12.92%. The firm had revenue of $95.85 million for the quarter, compared to analyst estimates of $94.28 million. On average, equities analysts predict that DoubleDown Interactive will post 2.28 earnings per share for the current fiscal year.

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.