DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Get Free Report) shares were down 5% during trading on Wednesday after Northland Securities lowered their price target on the stock from $21.00 to $18.00. Northland Securities currently has an outperform rating on the stock. DoubleDown Interactive traded as low as $10.18 and last traded at $10.27. Approximately 33,431 shares were traded during trading, a decline of 3% from the average daily volume of 34,613 shares. The stock had previously closed at $10.80.
Separately, Wedbush boosted their price target on DoubleDown Interactive from $16.25 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th.
Read Our Latest Stock Analysis on DoubleDown Interactive
Hedge Funds Weigh In On DoubleDown Interactive
Institutional investors have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in DoubleDown Interactive during the fourth quarter worth approximately $76,000. JPMorgan Chase & Co. purchased a new position in DoubleDown Interactive in the third quarter valued at about $81,000. Trexquant Investment LP acquired a new position in shares of DoubleDown Interactive during the fourth quarter worth about $106,000. Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive in the fourth quarter worth about $153,000. Finally, Aristides Capital LLC grew its stake 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 buying an additional 6,841 shares in the last quarter.
DoubleDown Interactive Trading Up 1.2 %
The firm has a fifty day moving average of $10.62 and a 200 day moving average of $12.86. The firm has a market capitalization of $503.43 million, a PE ratio of 4.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 21.25 and a current ratio of 21.25.
About DoubleDown Interactive
(
Get 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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