Boston Partners acquired a new stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,953 shares of the company's stock, valued at approximately $354,000. Boston Partners owned about 0.07% of DoubleDown Interactive as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in shares of DoubleDown Interactive during the fourth quarter valued at approximately $76,000. JPMorgan Chase & Co. bought a new position in shares of DoubleDown Interactive during the 3rd quarter valued at about $81,000. Raymond James Financial Inc. acquired a new position in DoubleDown Interactive in the fourth quarter worth approximately $153,000. Finally, Sanctuary Advisors LLC bought a new position in shares of DoubleDown Interactive in the third quarter valued at $2,026,000.
DoubleDown Interactive Stock Up 2.5 %
Shares of DDI traded up $0.24 during trading hours on Thursday, reaching $9.96. The company's stock had a trading volume of 10,390 shares, compared to its average volume of 38,079. DoubleDown Interactive Co., Ltd. has a 1-year low of $8.56 and a 1-year high of $18.21. 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 firm has a market cap of $493.55 million, a price-to-earnings ratio of 3.97 and a beta of 0.92. The company has a 50 day moving average of $10.07 and a two-hundred day moving average of $12.22.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on DDI shares. Wedbush reissued an "outperform" rating and issued a $21.00 price target on shares of DoubleDown Interactive in a research note on Wednesday, February 12th. Northland Securities cut their price target on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, B. Riley began coverage on shares of DoubleDown Interactive in a research note on Tuesday, February 25th. They issued a "buy" rating and a $23.00 price objective for the company.
Check Out Our Latest Analysis on DDI
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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