DoubleDown Interactive (NASDAQ:DDI) Receives Outperform Rating from Wedbush

DoubleDown Interactive (NASDAQ:DDI)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a note issued to investors on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the stock. Wedbush’s price objective points to a potential upside of 109.16% from the stock’s current price. Wedbush also issued estimates for DoubleDown Interactive’s Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $2.30 EPS, FY2026 earnings at $2.33 EPS and FY2027 earnings at $2.37 EPS.

Separately, Northland Securities cut their price target on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday.

DoubleDown Interactive Stock Performance

DDI opened at $10.04 on Wednesday. The stock has a market cap of $497.51 million, a price-to-earnings ratio of 4.37 and a beta of 0.94. The business has a 50 day moving average of $10.73 and a 200-day moving average of $12.88. DoubleDown Interactive has a 12-month low of $8.56 and a 12-month high of $18.21. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Monday, November 11th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. The firm had revenue of $82.98 million for the quarter, compared to analyst estimates of $83.49 million. During the same period in the prior year, the business posted $0.54 EPS. On average, equities research analysts expect that DoubleDown Interactive will post 2.38 earnings per share for the current year.

Institutional Investors Weigh In On DoubleDown Interactive

A number of large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in shares of DoubleDown Interactive during the third quarter worth $2,026,000. Renaissance Technologies LLC raised its position in DoubleDown Interactive by 14.8% in the fourth quarter. Renaissance Technologies LLC now owns 62,400 shares of the company’s stock valued at $651,000 after purchasing an additional 8,022 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of DoubleDown Interactive during the fourth quarter valued at about $588,000. Marshall Wace LLP grew its holdings in shares of DoubleDown Interactive by 129.3% during the fourth quarter. Marshall Wace LLP now owns 47,420 shares of the company’s stock worth $495,000 after purchasing an additional 26,743 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of DoubleDown Interactive in the fourth quarter valued at approximately $354,000.

DoubleDown Interactive Company Profile

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.