DoubleDown Interactive (NASDAQ:DDI) Earns Buy Rating from Analysts at B. Riley

B. Riley assumed coverage on shares of DoubleDown Interactive (NASDAQ:DDI) in a research note released on Tuesday morning. The firm issued a buy rating and a $23.00 price objective on the stock. B. Riley also issued estimates for DoubleDown Interactive’s Q1 2025 earnings at $0.53 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.17 EPS and FY2026 earnings at $2.29 EPS.

Several other research firms also recently weighed in on DDI. Wedbush reiterated an “outperform” rating and issued a $21.00 target price on shares of DoubleDown Interactive in a report on Wednesday, February 12th. Northland Securities cut their price objective on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th.

DoubleDown Interactive Trading Up 3.4 %

NASDAQ DDI opened at $10.15 on Tuesday. DoubleDown Interactive has a 12 month low of $8.56 and a 12 month high of $18.21. The stock has a market capitalization of $502.96 million, a P/E ratio of 4.04 and a beta of 0.94. The firm’s 50-day moving average is $10.37 and its two-hundred day moving average is $12.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 19.38 and a quick ratio of 21.25.

Institutional Investors Weigh In On DoubleDown Interactive

A number of hedge funds have recently added to or reduced their stakes in DDI. JPMorgan Chase & Co. acquired a new position in shares of DoubleDown Interactive during the third quarter worth about $81,000. Heck Capital Advisors LLC purchased a new position in DoubleDown Interactive in the fourth quarter worth approximately $76,000. Trexquant Investment LP acquired a new position in DoubleDown Interactive during the 4th quarter worth approximately $106,000. BNP Paribas Financial Markets acquired a new stake in shares of DoubleDown Interactive in the 4th quarter valued at $111,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive during the 4th quarter worth $153,000.

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.