DoubleDown Interactive (NASDAQ:DDI) Upgraded to Buy at Wall Street Zen

DoubleDown Interactive (NASDAQ:DDI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

DDI has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of DoubleDown Interactive in a research note on Wednesday, October 8th. Loop Capital set a $16.00 price target on shares of DoubleDown Interactive in a research note on Monday, November 3rd. Zacks Research cut shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Wedbush restated an “outperform” rating and set a $21.00 target price on shares of DoubleDown Interactive in a research note on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.60.

DoubleDown Interactive Price Performance

NASDAQ:DDI opened at $9.01 on Friday. The business’s 50-day moving average is $9.07 and its two-hundred day moving average is $9.48. The firm has a market capitalization of $446.45 million, a PE ratio of 3.92 and a beta of 0.85. DoubleDown Interactive has a 12 month low of $8.09 and a 12 month high of $15.00.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Monday, November 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $95.85 million during the quarter, compared to analyst estimates of $94.28 million. DoubleDown Interactive had a return on equity of 12.92% and a net margin of 32.94%. Equities analysts anticipate that DoubleDown Interactive will post 2.28 EPS for the current year.

Hedge Funds Weigh In On DoubleDown Interactive

A number of large investors have recently bought and sold shares of DDI. Charles Schwab Investment Management Inc. acquired a new stake in shares of DoubleDown Interactive during the 1st quarter worth approximately $202,000. Boston Partners boosted its position in DoubleDown Interactive by 44.8% during the 1st quarter. Boston Partners now owns 49,149 shares of the company’s stock valued at $487,000 after purchasing an additional 15,196 shares during the period. Trexquant Investment LP grew its stake in DoubleDown Interactive by 70.6% during the 1st quarter. Trexquant Investment LP now owns 17,262 shares of the company’s stock worth $171,000 after buying an additional 7,142 shares during the last quarter. Goldman Sachs Group Inc. increased its position in DoubleDown Interactive by 127.4% in the first 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. Finally, Acadian Asset Management LLC increased its position in DoubleDown Interactive by 124.7% in the first quarter. Acadian Asset Management LLC now owns 60,282 shares of the company’s stock worth $591,000 after buying an additional 33,459 shares during the period.

About DoubleDown Interactive

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.