DoubleDown Interactive (NASDAQ:DDI) Upgraded at Wedbush

Wedbush upgraded shares of DoubleDown Interactive (NASDAQ:DDI) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the company. Roth Capital initiated coverage on DoubleDown Interactive in a research note on Monday, June 23rd. They set a “buy” rating and a $16.00 price target on the stock. B. Riley lowered their price target on DoubleDown Interactive from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered DoubleDown Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DoubleDown Interactive has a consensus rating of “Buy” and an average price target of $19.25.

DoubleDown Interactive Trading Up 1.3%

DoubleDown Interactive stock opened at $9.72 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 16.04 and a current ratio of 16.04. The business’s 50-day simple moving average is $9.80 and its 200-day simple moving average is $10.02. The firm has a market capitalization of $481.63 million, a PE ratio of 4.08 and a beta of 0.87. DoubleDown Interactive has a 52 week low of $8.09 and a 52 week high of $18.21.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). DoubleDown Interactive had a net margin of 34.95% and a return on equity of 14.21%. The firm had revenue of $83.49 million for the quarter, compared to the consensus estimate of $84.63 million. Equities research analysts forecast that DoubleDown Interactive will post 2.28 earnings per share for the current year.

Institutional Investors Weigh In On DoubleDown Interactive

A number of institutional investors have recently added to or reduced their stakes in DDI. GAMMA Investing LLC lifted its holdings in DoubleDown Interactive by 1,376.7% during the 1st quarter. GAMMA Investing LLC now owns 1,713 shares of the company’s stock worth $173,000 after buying an additional 1,597 shares in the last quarter. Aristides Capital LLC lifted its holdings in DoubleDown Interactive by 26.4% during the 4th quarter. Aristides Capital LLC now owns 32,714 shares of the company’s stock worth $342,000 after buying an additional 6,841 shares in the last quarter. Trexquant Investment LP lifted its holdings in 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 buying an additional 7,142 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in DoubleDown Interactive during the 4th quarter worth $76,000. Finally, Citadel Advisors LLC lifted its holdings in DoubleDown Interactive by 23.9% during the 4th quarter. Citadel Advisors LLC now owns 38,010 shares of the company’s stock worth $397,000 after buying an additional 7,343 shares in the last quarter.

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.