DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Receives $19.25 Average Target Price from Analysts

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has been given a consensus recommendation of “Buy” by the five research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.25.

A number of research analysts recently commented on DDI shares. Zacks Research upgraded shares of DoubleDown Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 29th. Wedbush raised shares of DoubleDown Interactive to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, 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 for the company.

DoubleDown Interactive Stock Up 0.3%

DDI stock opened at $9.34 on Friday. The firm’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $9.70. The stock has a market cap of $462.80 million, a PE ratio of 4.34 and a beta of 0.87. DoubleDown Interactive has a fifty-two week low of $8.09 and a fifty-two week high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Tuesday, August 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate 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%. Equities analysts forecast that DoubleDown Interactive will post 2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On DoubleDown Interactive

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings 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 valued at $30,000 after acquiring an additional 2,397 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of DoubleDown Interactive during the fourth quarter valued at about $111,000. Trexquant Investment LP grew its holdings in shares of 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 purchasing an additional 7,142 shares in the last quarter. GAMMA Investing LLC increased its holdings in DoubleDown Interactive by 1,376.7% in the 1st quarter. GAMMA Investing LLC now owns 1,713 shares of the company’s stock valued at $173,000 after buying an additional 1,597 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new position in DoubleDown Interactive in the first quarter worth about $202,000.

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.