Analysts Set DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) PT at $18.75

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.6667.

Several brokerages have recently weighed in on DDI. Freedom Capital cut DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush decreased their price target on DoubleDown Interactive from $21.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised DoubleDown Interactive from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday.

Institutional Investors Weigh In On DoubleDown Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of DoubleDown Interactive by 84.4% during the 4th quarter. SG Americas Securities LLC now owns 63,016 shares of the company’s stock valued at $544,000 after purchasing an additional 28,850 shares in the last quarter. Stonehill Capital Management LLC boosted its position in shares of DoubleDown Interactive by 49.1% during the 3rd quarter. Stonehill Capital Management LLC now owns 190,605 shares of the company’s stock valued at $1,780,000 after purchasing an additional 62,735 shares in the last quarter. Millennium Management LLC boosted its position in shares of DoubleDown Interactive by 100.2% during the 3rd quarter. Millennium Management LLC now owns 116,677 shares of the company’s stock valued at $1,090,000 after purchasing an additional 58,395 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of DoubleDown Interactive by 261.4% during the 3rd quarter. Citadel Advisors LLC now owns 60,163 shares of the company’s stock valued at $562,000 after purchasing an additional 43,517 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of DoubleDown Interactive by 10.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,357,163 shares of the company’s stock valued at $12,676,000 after purchasing an additional 126,031 shares in the last quarter.

DoubleDown Interactive Stock Performance

Shares of DDI stock opened at $12.00 on Monday. The stock has a market cap of $594.60 million, a price-to-earnings ratio of 5.22 and a beta of 1.01. The stock has a 50-day moving average of $9.39 and a 200-day moving average of $9.06. DoubleDown Interactive has a 1-year low of $8.09 and a 1-year high of $12.10.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. The company had revenue of $94.12 million during the quarter, compared to analysts’ expectations of $94.26 million. DoubleDown Interactive had a return on equity of 12.16% and a net margin of 30.77%. Sell-side analysts forecast that DoubleDown Interactive will post 2.51 earnings per share for the current 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.