DoubleDown Interactive’s (DDI) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of DoubleDown Interactive (NASDAQ:DDI) in a report published on Wednesday,Benzinga reports. The firm currently has a $21.00 price target on the stock.

Separately, Northland Securities dropped their price target on shares of DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday.

DoubleDown Interactive Stock Down 7.3 %

NASDAQ:DDI opened at $10.01 on Wednesday. DoubleDown Interactive has a 1-year low of $8.56 and a 1-year high of $18.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25. The firm has a market capitalization of $496.03 million, a P/E ratio of 4.35 and a beta of 0.94. The company’s fifty day moving average price is $10.80 and its 200-day moving average price is $12.90.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Monday, November 11th. The company reported $0.51 EPS 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 company had revenue of $82.98 million during the quarter, compared to analysts’ expectations of $83.49 million. During the same quarter in the previous year, the company earned $0.54 EPS. As a group, equities research analysts anticipate that DoubleDown Interactive will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in DoubleDown Interactive in the 3rd quarter worth about $2,026,000. Boston Partners acquired a new stake in shares of DoubleDown Interactive in the fourth quarter worth approximately $354,000. Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive during the fourth quarter worth approximately $153,000. Trexquant Investment LP acquired a new position in DoubleDown Interactive in the 4th quarter valued at $106,000. Finally, Heck Capital Advisors LLC purchased a new position in DoubleDown Interactive in the 4th quarter valued at $76,000.

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.