Brokerages Set DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Price Target at $19.25

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has been given a consensus recommendation of “Buy” by the five analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.25.

DDI has been the subject of a number of analyst reports. B. Riley reduced their target price on shares of DoubleDown Interactive from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Wedbush raised shares of DoubleDown Interactive to a “strong-buy” rating in a research report on Tuesday, July 1st. Roth Capital assumed coverage on shares of DoubleDown Interactive in a research report on Monday, June 23rd. They issued a “buy” rating and a $16.00 price target on the stock. Wall Street Zen lowered shares of DoubleDown Interactive from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Zacks Research raised shares of DoubleDown Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th.

Hedge Funds Weigh In On DoubleDown Interactive

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of DoubleDown Interactive by 1,376.7% in the first quarter. GAMMA Investing LLC now owns 1,713 shares of the company’s stock valued at $173,000 after purchasing an additional 1,597 shares during the period. Osaic Holdings Inc. raised its position in shares of DoubleDown Interactive by 338.6% in the second quarter. Osaic Holdings Inc. now owns 3,105 shares of the company’s stock valued at $30,000 after purchasing an additional 2,397 shares during the period. Trexquant Investment LP raised its position in shares of DoubleDown Interactive by 70.6% in the first quarter. Trexquant Investment LP now owns 17,262 shares of the company’s stock valued at $171,000 after purchasing an additional 7,142 shares during the period. Heck Capital Advisors LLC bought a new position in shares of DoubleDown Interactive in the fourth quarter valued at approximately $76,000. Finally, Citadel Advisors LLC increased its position in DoubleDown Interactive by 23.9% during the fourth quarter. Citadel Advisors LLC now owns 38,010 shares of the company’s stock worth $397,000 after acquiring an additional 7,343 shares during the period.

DoubleDown Interactive Stock Down 0.9%

NASDAQ DDI opened at $9.55 on Wednesday. The stock has a market capitalization of $473.20 million, a PE ratio of 4.44 and a beta of 0.87. The company has a 50 day moving average price of $9.62 and a two-hundred day moving average price of $9.75. DoubleDown Interactive has a 12-month low of $8.09 and a 12-month high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Tuesday, August 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The business had revenue of $84.81 million during the quarter, compared to analyst estimates of $83.13 million. DoubleDown Interactive had a net margin of 31.91% and a return on equity of 12.44%. As a group, equities analysts anticipate that DoubleDown Interactive will post 2.28 EPS for the current year.

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.