DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 15,007 shares, a drop of 40.4% from the June 15th total of 25,187 shares. Based on an average daily trading volume, of 121,675 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Several equities analysts recently commented on DDI shares. Weiss Ratings upgraded shares of DoubleDown Interactive from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Wedbush dropped their price objective on shares of DoubleDown Interactive from $21.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Freedom Capital downgraded shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen raised shares of DoubleDown Interactive from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.
Check Out Our Latest Stock Analysis on DoubleDown Interactive
DoubleDown Interactive Price Performance
DoubleDown Interactive (NASDAQ:DDI – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The firm had revenue of $94.12 million during the quarter, compared to the consensus estimate of $94.26 million. DoubleDown Interactive had a return on equity of 12.16% and a net margin of 30.77%. Sell-side analysts anticipate that DoubleDown Interactive will post 2.51 earnings per share for the current year.
Institutional Investors Weigh In On DoubleDown Interactive
Several institutional investors and hedge funds have recently bought and sold shares of DDI. Aristides Capital LLC raised its position in DoubleDown Interactive by 4.5% during the fourth quarter. Aristides Capital LLC now owns 34,194 shares of the company’s stock valued at $295,000 after purchasing an additional 1,480 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in DoubleDown Interactive by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 80,391 shares of the company’s stock worth $694,000 after purchasing an additional 1,789 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of DoubleDown Interactive by 338.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,105 shares of the company’s stock valued at $30,000 after purchasing an additional 2,397 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in shares of DoubleDown Interactive in the 4th quarter valued at $93,000. Finally, Corient Private Wealth LLC bought a new position in shares of DoubleDown Interactive in the 4th quarter valued at $94,000.
DoubleDown Interactive Company Profile
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.
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