DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.75.

DDI has been the subject of a number of recent analyst reports. 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. Wall Street Zen cut shares of DoubleDown Interactive from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Hedge Funds Weigh In On DoubleDown Interactive

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in DoubleDown Interactive by 127.4% during the first quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock valued at $285,000 after buying an additional 16,128 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of DoubleDown Interactive by 124.7% in the 1st quarter. Acadian Asset Management LLC now owns 60,282 shares of the company’s stock worth $591,000 after acquiring an additional 33,459 shares in the last quarter. Boston Partners grew its position in shares of 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 acquiring an additional 26,379 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of DoubleDown Interactive by 130.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,132 shares of the company’s stock valued at $11,782,000 after acquiring an additional 696,366 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in shares of DoubleDown Interactive during the 2nd quarter valued at approximately $2,632,000.

DoubleDown Interactive Stock Performance

Shares of DDI opened at $8.35 on Friday. The company has a market capitalization of $413.74 million, a P/E ratio of 4.03 and a beta of 0.83. DoubleDown Interactive has a one year low of $8.09 and a one year high of $11.25. The stock has a 50-day moving average price of $8.81 and a 200 day moving average price of $8.96.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.13). DoubleDown Interactive had a return on equity of 11.27% and a net margin of 28.48%.The business had revenue of $95.79 million for the quarter, compared to analysts’ expectations of $99.61 million. As a group, equities research analysts forecast that DoubleDown Interactive will post 2.28 earnings per share 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.