DoubleDown Interactive (NASDAQ:DDI) Earns “Outperform” Rating from Wedbush

DoubleDown Interactive (NASDAQ:DDI)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a note issued to investors on Wednesday,Benzinga reports. They currently have a $21.00 price target on the stock. Wedbush’s price objective would indicate a potential upside of 109.16% from the stock’s previous close. 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 target price 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 Performance

NASDAQ DDI opened at $10.04 on Wednesday. DoubleDown Interactive has a 1-year low of $8.56 and a 1-year high of $18.21. The company has a 50 day moving average of $10.73 and a 200-day moving average of $12.88. The company has a current ratio of 21.25, a quick ratio of 21.25 and a debt-to-equity ratio of 0.05. The firm has a market cap of $497.51 million, a price-to-earnings ratio of 4.37 and a beta of 0.94.

DoubleDown Interactive (NASDAQ:DDI) last released its quarterly earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. The company had revenue of $82.98 million for the quarter, compared to the consensus estimate of $83.49 million. During the same period last year, the company earned $0.54 earnings per share. On average, equities analysts forecast that DoubleDown Interactive will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoubleDown Interactive

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in DoubleDown Interactive in the 3rd quarter valued at $81,000. Heck Capital Advisors LLC acquired a new stake in shares of DoubleDown Interactive in the 4th quarter valued at about $76,000. Trexquant Investment LP acquired a new stake in shares of DoubleDown Interactive in the 4th quarter valued at about $106,000. Raymond James Financial Inc. acquired a new position in shares of DoubleDown Interactive during the fourth quarter worth about $153,000. Finally, Aristides Capital LLC boosted its position 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 acquiring an additional 6,841 shares during the last quarter.

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.