Brokerages Set DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) PT at $18.75

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.75.

DDI has been the subject of a number of research reports. Wall Street Zen raised shares of DoubleDown Interactive from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. Weiss Ratings downgraded DoubleDown Interactive from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd.

Institutional Trading of DoubleDown Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDI. Aristides Capital LLC raised its holdings in DoubleDown Interactive by 4.5% during the 4th quarter. Aristides Capital LLC now owns 34,194 shares of the company’s stock worth $295,000 after purchasing an additional 1,480 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of DoubleDown Interactive by 2.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 80,391 shares of the company’s stock valued at $694,000 after purchasing an additional 1,789 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of 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 buying an additional 2,397 shares during the period. Four Tree Island Advisory LLC bought a new stake in shares of DoubleDown Interactive during the fourth quarter worth approximately $93,000. Finally, Corient Private Wealth LLC bought a new stake in shares of DoubleDown Interactive during the fourth quarter worth approximately $94,000.

DoubleDown Interactive Stock Performance

Shares of DDI opened at $8.72 on Thursday. The company has a market cap of $432.08 million, a price-to-earnings ratio of 4.21 and a beta of 0.84. The stock has a fifty day moving average price of $8.77 and a two-hundred day moving average price of $8.86. DoubleDown Interactive has a 52-week low of $8.09 and a 52-week high of $11.25.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). The business 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%. As a group, research analysts predict that DoubleDown Interactive will post 2.28 EPS for the current fiscal year.

About DoubleDown Interactive

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.