Marshall Wace LLP increased its position in shares of 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. The institutional investor owned 47,420 shares of the company's stock after acquiring an additional 26,743 shares during the period. Marshall Wace LLP owned about 0.10% of DoubleDown Interactive worth $495,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of DoubleDown Interactive in the fourth quarter worth $76,000. JPMorgan Chase & Co. bought a new stake in shares of DoubleDown Interactive in the third quarter valued at approximately $81,000. Trexquant Investment LP acquired a new stake in shares of DoubleDown Interactive in the fourth quarter worth $106,000. Raymond James Financial Inc. acquired a new stake in DoubleDown Interactive in the 4th quarter worth $153,000. Finally, Aristides Capital LLC raised its position in shares of DoubleDown Interactive by 26.4% during the fourth 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 last quarter.
DoubleDown Interactive Stock Up 2.9 %
DoubleDown Interactive stock traded up $0.28 during mid-day trading on Monday, reaching $10.00. The company's stock had a trading volume of 120,714 shares, compared to its average volume of 37,939. The business's 50 day simple moving average is $9.79 and its 200 day simple moving average is $11.30. 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 12 month low of $8.88 and a 12 month high of $18.21. The company has a market capitalization of $495.53 million, a price-to-earnings ratio of 3.98 and a beta of 0.89.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Northland Securities decreased 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, February 12th. B. Riley started coverage on DoubleDown Interactive in a research note on Tuesday, February 25th. They issued a "buy" rating and a $23.00 price target on the stock. Finally, Wedbush reaffirmed an "outperform" rating and set a $21.00 price objective on shares of DoubleDown Interactive in a research note on Wednesday, February 12th.
Get Our Latest Stock Analysis on DoubleDown Interactive
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.
Further Reading
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