Wedbush Reiterates Outperform Rating for DoubleDown Interactive (NASDAQ:DDI)

Wedbush reiterated their outperform rating on shares of DoubleDown Interactive (NASDAQ:DDI) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has 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 reduced their price target on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday.

DoubleDown Interactive Price Performance

Shares of DoubleDown Interactive stock opened at $10.16 on Wednesday. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. The company has a market cap of $503.43 million, a PE ratio of 4.42 and a beta of 0.94. The business has a 50 day moving average of $10.62 and a 200 day moving average of $12.85. DoubleDown Interactive has a 52 week low of $8.56 and a 52 week high of $18.21.

Institutional Investors Weigh In On DoubleDown Interactive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in DoubleDown Interactive in the third quarter worth $2,026,000. JPMorgan Chase & Co. purchased a new stake in DoubleDown Interactive in the third quarter worth $81,000. Heck Capital Advisors LLC purchased a new stake in DoubleDown Interactive in the fourth quarter worth $76,000. Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive in the fourth quarter worth $153,000. Finally, Renaissance Technologies LLC grew its stake in shares of DoubleDown Interactive by 14.8% in 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 last quarter.

DoubleDown Interactive Company Profile

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.