Marshall Wace LLP grew its position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 129.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,420 shares of the company's stock after buying an additional 26,743 shares during the quarter. Marshall Wace LLP owned approximately 0.10% of DoubleDown Interactive worth $495,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Boston Partners acquired a new position in shares of DoubleDown Interactive in the fourth quarter worth $354,000. JPMorgan Chase & Co. acquired a new position in DoubleDown Interactive during the third quarter valued at approximately $81,000. Raymond James Financial Inc. bought a new position in shares of DoubleDown Interactive in the fourth quarter valued at approximately $153,000. Walleye Capital LLC bought a new stake in shares of DoubleDown Interactive during the 4th quarter worth $588,000. Finally, Trexquant Investment LP acquired a new position in DoubleDown Interactive in the 4th quarter valued at $106,000.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. B. Riley began coverage on DoubleDown Interactive in a research report on Tuesday, February 25th. They issued a "buy" rating and a $23.00 price target on the stock. Northland Securities dropped their price target on DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Wedbush reissued an "outperform" rating and issued a $21.00 price objective on shares of DoubleDown Interactive in a research report on Wednesday, February 12th.
Read Our Latest Stock Report on DDI
DoubleDown Interactive Stock Performance
Shares of NASDAQ:DDI traded up $0.70 during trading on Thursday, hitting $10.58. 8,898 shares of the stock were exchanged, compared to its average volume of 37,981. The company's fifty day simple moving average is $9.78 and its 200-day simple moving average is $11.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38. The company has a market capitalization of $524.27 million, a price-to-earnings ratio of 4.22 and a beta of 0.89. DoubleDown Interactive Co., Ltd. has a 1-year low of $8.88 and a 1-year high of $18.21.
DoubleDown Interactive Company Profile
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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.
Further Reading
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