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

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.25.

DDI has been the topic of several research analyst reports. Zacks Research downgraded shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wedbush raised shares of DoubleDown Interactive to a “strong-buy” rating in a research report on Tuesday, July 1st. Roth Capital initiated coverage on shares of DoubleDown Interactive in a research report on Monday, June 23rd. They set a “buy” rating and a $16.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DoubleDown Interactive in a research report on Saturday, September 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDI. Osaic Holdings Inc. boosted its holdings in 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 acquiring an additional 2,397 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in DoubleDown Interactive in the fourth quarter valued at $111,000. Trexquant Investment LP boosted its holdings in 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 acquiring an additional 7,142 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 1,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new position in DoubleDown Interactive in the first quarter valued at $202,000.

DoubleDown Interactive Trading Down 1.6%

DoubleDown Interactive stock opened at $9.17 on Friday. The stock has a fifty day moving average price of $9.43 and a 200 day moving average price of $9.68. DoubleDown Interactive has a 52 week low of $8.09 and a 52 week high of $18.21. The firm has a market capitalization of $454.37 million, a P/E ratio of 4.27 and a beta of 0.85.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly 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). DoubleDown Interactive had a return on equity of 12.44% and a net margin of 31.91%.The business had revenue of $84.81 million during the quarter, compared to analyst estimates of $83.13 million. As a group, equities analysts predict 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.