DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Receives Consensus Recommendation of “Hold” from Analysts

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has received an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.3333.

A number of equities research analysts have weighed in on the company. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “hold (c)” rating on shares of DoubleDown Interactive in a research note on Friday, August 7th. Finally, B. Riley Financial raised their price target on DoubleDown Interactive from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 12th.

Institutional Investors Weigh In On DoubleDown Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of DDI. BRC Group Holdings Inc. grew its stake in shares of DoubleDown Interactive by 0.8% during the 4th quarter. BRC Group Holdings Inc. now owns 3,477,440 shares of the company’s stock worth $30,010,000 after purchasing an additional 26,937 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of DoubleDown Interactive by 10.2% in the third 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 during the period. Hudson Bay Capital Management LP acquired a new stake in shares of DoubleDown Interactive in the second quarter valued at about $5,759,000. 683 Capital Management LLC boosted its holdings in DoubleDown Interactive by 66.7% during the fourth quarter. 683 Capital Management LLC now owns 500,000 shares of the company’s stock worth $4,315,000 after buying an additional 200,000 shares in the last quarter. Finally, Stonehill Capital Management LLC grew its position in DoubleDown Interactive by 49.1% during the third quarter. Stonehill Capital Management LLC now owns 190,605 shares of the company’s stock worth $1,780,000 after buying an additional 62,735 shares during the period.

DoubleDown Interactive Stock Down 1.3%

Shares of DoubleDown Interactive stock opened at $12.68 on Friday. DoubleDown Interactive has a one year low of $8.10 and a one year high of $13.28. The company has a market cap of $628.29 million, a P/E ratio of 5.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.67 and a current ratio of 18.67. The firm has a fifty day moving average of $12.10 and a two-hundred day moving average of $10.86.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Tuesday, August 11th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $94.29 million for the quarter, compared to the consensus estimate of $92.90 million. DoubleDown Interactive had a net margin of 32.91% and a return on equity of 12.93%. On average, analysts forecast that DoubleDown Interactive will post 2.58 earnings per share for the current year.

DoubleDown Interactive Company Profile

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.