Ameriprise Financial Inc. Grows Position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Ameriprise Financial Inc. lifted its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 517,341 shares of the company's stock after buying an additional 48,244 shares during the period. Ameriprise Financial Inc. owned about 1.04% of DoubleDown Interactive worth $5,401,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of DoubleDown Interactive during the 3rd quarter worth approximately $81,000. Heck Capital Advisors LLC acquired a new stake in DoubleDown Interactive in the 4th quarter valued at about $76,000. Trexquant Investment LP purchased a new position in DoubleDown Interactive during the 4th quarter valued at about $106,000. Raymond James Financial Inc. acquired a new position in DoubleDown Interactive during the fourth quarter worth about $153,000. Finally, Aristides Capital LLC lifted its holdings in shares of DoubleDown Interactive by 26.4% in the fourth quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock valued at $342,000 after purchasing an additional 6,841 shares in the last quarter.

DoubleDown Interactive Trading Down 2.0%

NASDAQ DDI traded down $0.20 during mid-day trading on Tuesday, reaching $9.90. 22,465 shares of the stock were exchanged, compared to its average volume of 38,503. The stock has a market capitalization of $490.57 million, a PE ratio of 3.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38. DoubleDown Interactive Co., Ltd. has a 1-year low of $8.88 and a 1-year high of $18.21. The business's fifty day simple moving average is $9.89 and its 200 day simple moving average is $10.80.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.07). DoubleDown Interactive had a return on equity of 15.52% and a net margin of 36.37%. The business had revenue of $83.49 million for the quarter, compared to analysts' expectations of $84.63 million. On average, research analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDI has been the subject of a number of recent research reports. Wall Street Zen cut shares of DoubleDown Interactive from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Northland Securities lowered their target price on DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and issued a $21.00 price target on shares of DoubleDown Interactive in a report on Wednesday, May 14th. Finally, B. Riley decreased their price objective on DoubleDown Interactive from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th.

DoubleDown Interactive 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.