DoubleDown Interactive (NASDAQ:DDI) Upgraded by B. Riley to Strong-Buy Rating

DoubleDown Interactive (NASDAQ:DDI) was upgraded by research analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also commented on DDI. Wedbush reiterated an “outperform” rating and set a $21.00 price target on shares of DoubleDown Interactive in a report on Wednesday, February 12th. Northland Securities cut their target price on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th.

DoubleDown Interactive Price Performance

DDI stock opened at $10.07 on Monday. DoubleDown Interactive has a 1 year low of $8.56 and a 1 year high of $18.21. The stock has a market cap of $499.00 million, a price-to-earnings ratio of 4.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 19.38 and a quick ratio of 21.25. The company has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $12.80.

Institutional Investors Weigh In On DoubleDown Interactive

A number of institutional investors have recently modified their holdings of DDI. JPMorgan Chase & Co. bought a new position in DoubleDown Interactive during the third quarter worth $81,000. Aristides Capital LLC grew its holdings in 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 acquiring an additional 6,841 shares during the period. Heck Capital Advisors LLC bought a new position in shares of DoubleDown Interactive in the 4th quarter worth about $76,000. Citadel Advisors LLC lifted its stake in shares of DoubleDown Interactive by 23.9% in the 4th quarter. Citadel Advisors LLC now owns 38,010 shares of the company’s stock valued at $397,000 after purchasing an additional 7,343 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of DoubleDown Interactive by 14.8% during the 4th quarter. Renaissance Technologies LLC now owns 62,400 shares of the company’s stock valued at $651,000 after purchasing an additional 8,022 shares in the last quarter.

About DoubleDown Interactive

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.