Walleye Capital LLC purchased a new position in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 56,350 shares of the company's stock, valued at approximately $588,000. Walleye Capital LLC owned about 0.11% of DoubleDown Interactive as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of DDI. Boston Partners bought a new stake in shares of DoubleDown Interactive during the 4th quarter worth $354,000. JPMorgan Chase & Co. bought a new stake in shares of DoubleDown Interactive during the 3rd quarter worth $81,000. Raymond James Financial Inc. bought a new stake in shares of DoubleDown Interactive during the 4th quarter worth $153,000. Trexquant Investment LP bought a new stake in shares of DoubleDown Interactive during the 4th quarter worth $106,000. Finally, Aristides Capital LLC boosted its holdings in shares of DoubleDown Interactive by 26.4% during the 4th quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock worth $342,000 after buying an additional 6,841 shares during the period.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on DDI shares. Northland Securities decreased their price objective on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. B. Riley initiated coverage on shares of DoubleDown Interactive in a report on Tuesday, February 25th. They issued a "buy" rating and a $23.00 price target for the company. Finally, Wedbush reissued an "outperform" rating and issued a $21.00 price target on shares of DoubleDown Interactive in a report on Wednesday, February 12th.
Read Our Latest Stock Analysis on DoubleDown Interactive
DoubleDown Interactive Price Performance
DoubleDown Interactive stock remained flat at $9.80 during mid-day trading on Monday. 9,062 shares of the company's stock were exchanged, compared to its average volume of 37,056. The company has a current ratio of 19.38, a quick ratio of 21.25 and a debt-to-equity ratio of 0.04. DoubleDown Interactive Co., Ltd. has a 12-month low of $8.88 and a 12-month high of $18.21. The stock's 50 day simple moving average is $9.82 and its 200 day simple moving average is $11.45. The stock has a market cap of $485.62 million, a price-to-earnings ratio of 3.90 and a beta of 0.89.
DoubleDown Interactive 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.
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