DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) Given Average Rating of "Moderate Buy" by Brokerages

DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $18.60.One Value, One Growth, and One Momentum Stock For DiversificationA number of research analysts have weighed in on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of DoubleDown Interactive in a report on Wednesday, October 8th. Wall Street Zen raised shares of DoubleDown Interactive from a "hold" rating to a "buy" rating in a report on Saturday, November 22nd. Zacks Research cut shares of DoubleDown Interactive from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Wedbush reiterated an "outperform" rating and issued a $21.00 target price on shares of DoubleDown Interactive in a report on Tuesday, November 11th. Finally, Loop Capital set a $16.00 target price on DoubleDown Interactive in a research report on Monday, November 3rd.Get DoubleDown Interactive alerts:Check Out Our Latest Stock Analysis on DoubleDown InteractiveDoubleDown Interactive Stock Up 2.7%DraftKings vs. DoubleDown: Growth in the Online Gambling BoomShares of NASDAQ DDI opened at $9.01 on Tuesday. DoubleDown Interactive has a twelve month low of $8.09 and a twelve month high of $11.41. The firm has a market cap of $434.58 million, a P/E ratio of 3.92 and a beta of 0.85. The company has a 50 day moving average of $8.93 and a 200 day moving average of $9.25. DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. DoubleDown Interactive had a return on equity of 12.92% and a net margin of 32.94%.The company had revenue of $95.85 million during the quarter, compared to the consensus estimate of $94.28 million. As a group, equities analysts expect that DoubleDown Interactive will post 2.28 earnings per share for the current fiscal year. Institutional Investors Weigh In On DoubleDown InteractiveSeveral hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. grew its stake in DoubleDown Interactive by 338.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company's stock worth $30,000 after buying an additional 2,397 shares during the last quarter. 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 purchasing an additional 7,142 shares during the last quarter. Goldman Sachs Group Inc. grew its position in DoubleDown Interactive by 127.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company's stock worth $285,000 after purchasing an additional 16,128 shares during the period. SG Americas Securities LLC purchased a new stake in DoubleDown Interactive in the 3rd quarter worth approximately $319,000. Finally, Black Maple Capital Management LP purchased a new stake in shares of DoubleDown Interactive during the 2nd quarter worth about $478,000. About DoubleDown Interactive (Get Free Report)DoubleDown Interactive NASDAQ: DDI is a digital entertainment company that specializes in the development and publishing of social casino games. The company's portfolio centers around free-to-play titles that emulate the experience of land-based casino games such as slots, video poker, bingo and table games. By blending high-quality graphics, engaging gameplay features and real-time social mechanics, DoubleDown Interactive aims to deliver a virtual casino environment accessible via web, mobile and social media platforms. The company's flagship offering, DoubleDown Casino, serves as a hub for multiple slot and table-style games, enabling millions of registered players to compete in tournaments, unlock new machines and purchase virtual coins through in-app transactions.Featured ArticlesFive stocks we like better than DoubleDown InteractiveA month before the crashHow a Family Trust May Be Able To Help Preserve Your WealthBNZI: BNZI Surges Ahead as AI Marketing Fuels Record RevenueYou Still Think Silver’s a Joke? Watch What Happens Next.A U.S. “birthright” claim worth trillions - activated quietlyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in DoubleDown Interactive Right Now?Before you consider DoubleDown Interactive, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DoubleDown Interactive wasn't on the list.While DoubleDown Interactive currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here