B. Riley Initiates Coverage on DoubleDown Interactive (NASDAQ:DDI)

Investment analysts at B. Riley started coverage on shares of DoubleDown Interactive (NASDAQ:DDI) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $23.00 price target on the stock. B. Riley’s target price points to a potential upside of 134.93% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Northland Securities dropped their price target on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $21.00 price target on shares of DoubleDown Interactive in a report on Wednesday, February 12th.

DoubleDown Interactive Trading Down 1.7 %

Shares of NASDAQ:DDI opened at $9.79 on Tuesday. The company has a market capitalization of $485.09 million, a P/E ratio of 3.90 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 business’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $12.80. DoubleDown Interactive has a 1 year low of $8.56 and a 1 year high of $18.21.

Institutional Trading of DoubleDown Interactive

Institutional investors have recently modified their holdings of the business. B. Riley Financial Inc. increased its position in shares of DoubleDown Interactive by 3.8% during the fourth quarter. B. Riley Financial Inc. now owns 4,186,412 shares of the company’s stock worth $43,706,000 after buying an additional 154,087 shares during the period. Sanctuary Advisors LLC bought a new position in shares of DoubleDown Interactive in the 3rd quarter worth about $2,026,000. Walleye Capital LLC acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at about $588,000. Ameriprise Financial Inc. boosted its position in shares of DoubleDown Interactive by 10.3% during the 4th quarter. Ameriprise Financial Inc. now owns 517,341 shares of the company’s stock valued at $5,401,000 after purchasing an additional 48,244 shares in the last quarter. Finally, Boston Partners acquired a new stake in DoubleDown Interactive during the fourth quarter worth approximately $354,000.

DoubleDown Interactive Company Profile

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.