DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Given Average Rating of “Moderate Buy” by Analysts

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $18.60.

A number of brokerages have recently commented on DDI. Wedbush reaffirmed an “outperform” rating and set a $21.00 price objective on shares of DoubleDown Interactive in a research report on Tuesday, November 11th. Loop Capital set a $16.00 price target on DoubleDown Interactive in a research note on Monday, November 3rd. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of DoubleDown Interactive in a report on Wednesday, January 21st.

Institutional Trading of DoubleDown Interactive

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in DoubleDown Interactive by 338.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company’s stock worth $30,000 after purchasing an additional 2,397 shares during the last quarter. Four Tree Island Advisory LLC bought a new position in shares of DoubleDown Interactive in the 4th quarter valued at about $93,000. Goldman Sachs Group Inc. grew its position 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 worth $285,000 after buying an additional 16,128 shares during the period. GSA Capital Partners LLP raised its stake in shares of DoubleDown Interactive by 54.5% during the third quarter. GSA Capital Partners LLP now owns 52,733 shares of the company’s stock worth $493,000 after buying an additional 18,602 shares during the last quarter. Finally, Boston Partners lifted its holdings in DoubleDown Interactive by 26.8% in the third quarter. Boston Partners now owns 95,744 shares of the company’s stock valued at $894,000 after buying an additional 20,216 shares during the period.

DoubleDown Interactive Stock Up 1.9%

Shares of DDI stock opened at $8.73 on Friday. DoubleDown Interactive has a fifty-two week low of $8.09 and a fifty-two week high of $11.25. The stock’s 50-day moving average is $8.85 and its two-hundred day moving average is $9.12.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $94.28 million. On average, research analysts forecast that DoubleDown Interactive will post 2.28 EPS 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.