B. Riley Financial Inc. increased its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,186,412 shares of the company's stock after purchasing an additional 154,087 shares during the quarter. DoubleDown Interactive makes up 36.6% of B. Riley Financial Inc.'s investment portfolio, making the stock its 2nd largest holding. B. Riley Financial Inc. owned about 8.45% of DoubleDown Interactive worth $43,706,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in DoubleDown Interactive by 14.8% during the fourth quarter. Renaissance Technologies LLC now owns 62,400 shares of the company's stock valued at $651,000 after buying an additional 8,022 shares during the period. Walleye Capital LLC purchased a new stake in shares of DoubleDown Interactive in the fourth quarter worth approximately $588,000. Marshall Wace LLP boosted its holdings in shares of DoubleDown Interactive by 129.3% during the fourth 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. Boston Partners purchased a new position in DoubleDown Interactive during the fourth quarter valued at approximately $354,000. Finally, Aristides Capital LLC increased its stake in DoubleDown Interactive by 26.4% in the 4th quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock valued at $342,000 after buying an additional 6,841 shares during the period.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on DDI. Wedbush reiterated an "outperform" rating and set a $21.00 price target on shares of DoubleDown Interactive in a report on Wednesday, February 12th. Northland Securities decreased their target price on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Finally, B. Riley initiated coverage on shares of DoubleDown Interactive in a report on Tuesday, February 25th. They set a "buy" rating and a $23.00 price target on the stock.
Read Our Latest Analysis on DoubleDown Interactive
DoubleDown Interactive Price Performance
NASDAQ:DDI traded up $0.05 during trading hours on Tuesday, reaching $10.05. The company had a trading volume of 14,294 shares, compared to its average volume of 37,850. The company has a quick ratio of 21.25, a current ratio of 19.38 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $9.79 and a two-hundred day moving average of $11.27. DoubleDown Interactive Co., Ltd. has a one year low of $8.88 and a one year high of $18.21. The firm has a market capitalization of $498.01 million, a PE ratio of 4.01 and a beta of 0.89.
DoubleDown Interactive Company Profile
(
Free Report)
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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