DoubleDown Interactive’s (DDI) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of DoubleDown Interactive (NASDAQ:DDI) in a research report report published on Wednesday morning,RTT News reports. Wedbush currently has a $21.00 price objective on the stock. Wedbush also issued estimates for DoubleDown Interactive’s Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.60 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.24 EPS and FY2026 earnings at $2.28 EPS.

Several other equities analysts also recently weighed in on DDI. B. Riley decreased their target price on DoubleDown Interactive from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday. Northland Securities lowered their price objective on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th.

DoubleDown Interactive Stock Down 1.0%

Shares of DDI stock opened at $10.05 on Wednesday. The stock’s fifty day moving average price is $9.88 and its 200 day moving average price is $11.07. DoubleDown Interactive has a 1-year low of $8.88 and a 1-year high of $18.21. The company has a market cap of $498.01 million, a price-to-earnings ratio of 4.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 19.38 and a quick ratio of 21.25.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). DoubleDown Interactive had a net margin of 36.37% and a return on equity of 15.52%. The firm had revenue of $83.49 million for the quarter, compared to analysts’ expectations of $84.63 million. On average, research analysts expect that DoubleDown Interactive will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoubleDown Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDI. GAMMA Investing LLC grew its holdings in shares of DoubleDown Interactive by 1,376.7% in the 1st quarter. GAMMA Investing LLC now owns 1,713 shares of the company’s stock worth $173,000 after acquiring an additional 1,597 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of DoubleDown Interactive in the 3rd quarter worth $81,000. Heck Capital Advisors LLC acquired a new stake in DoubleDown Interactive in the 4th quarter valued at $76,000. Trexquant Investment LP acquired a new stake in shares of DoubleDown Interactive during the fourth quarter valued at about $106,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of DoubleDown Interactive during the fourth quarter valued at about $111,000.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.