Wedbush reaffirmed their outperform rating on shares of DoubleDown Interactive (NASDAQ:DDI - Free Report) in a research report released on Wednesday,Benzinga reports. They currently have a $21.00 price target on the stock. 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 objective on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday.
Check Out Our Latest Research Report on DoubleDown Interactive
DoubleDown Interactive Trading Up 1.2 %
DDI traded up $0.12 during trading on Wednesday, hitting $10.16. 46,987 shares of the stock were exchanged, compared to its average volume of 31,637. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25. The firm has a 50 day simple moving average of $10.62 and a 200 day simple moving average of $12.86. The firm has a market cap of $503.43 million, a price-to-earnings ratio of 4.42 and a beta of 0.94. DoubleDown Interactive has a 1 year low of $8.56 and a 1 year high of $18.21.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of DDI. B. Riley Financial Inc. increased its holdings in DoubleDown Interactive by 3.8% in the 4th quarter. B. Riley Financial Inc. now owns 4,186,412 shares of the company's stock worth $43,706,000 after buying an additional 154,087 shares during the period. Marshall Wace LLP grew its position in DoubleDown Interactive by 129.3% during the 4th 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 period. Walleye Capital LLC acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at about $588,000. Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive in the fourth quarter worth about $153,000. Finally, Renaissance Technologies LLC grew its holdings in DoubleDown Interactive by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 62,400 shares of the company's stock worth $651,000 after acquiring an additional 8,022 shares during the period.
DoubleDown Interactive Company Profile
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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.
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