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

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.75.

A number of equities research analysts recently weighed in on DDI shares. Weiss Ratings downgraded shares of DoubleDown Interactive from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Wedbush restated an “outperform” rating and issued a $21.00 target price on shares of DoubleDown Interactive in a research note on Tuesday, November 11th. Loop Capital set a $16.00 price target on DoubleDown Interactive in a research report on Monday, November 3rd. Finally, Wall Street Zen lowered DoubleDown Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th.

Institutional Trading of DoubleDown Interactive

A number of large investors have recently modified their holdings of the company. Hudson Bay Capital Management LP bought a new position in DoubleDown Interactive in the 2nd quarter worth about $5,759,000. 683 Capital Management LLC acquired a new position in shares of DoubleDown Interactive during the second quarter worth approximately $2,632,000. Boston Partners grew its holdings in DoubleDown Interactive by 53.7% in the 2nd quarter. Boston Partners now owns 75,528 shares of the company’s stock worth $723,000 after buying an additional 26,379 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in DoubleDown Interactive by 41.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 96,275 shares of the company’s stock valued at $831,000 after acquiring an additional 28,006 shares during the period. Finally, Aristides Capital LLC increased its position in DoubleDown Interactive by 4.5% in the 4th quarter. Aristides Capital LLC now owns 34,194 shares of the company’s stock valued at $295,000 after acquiring an additional 1,480 shares during the period.

DoubleDown Interactive Stock Performance

Shares of NASDAQ DDI opened at $9.14 on Wednesday. The stock’s 50 day moving average price is $8.75 and its two-hundred day moving average price is $9.02. DoubleDown Interactive has a 52-week low of $8.09 and a 52-week high of $11.25.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). The firm had revenue of $95.79 million during the quarter, compared to the consensus estimate of $99.61 million. DoubleDown Interactive had a net margin of 28.48% and a return on equity of 11.27%. On average, analysts anticipate 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.