DoubleDown Interactive (NASDAQ:DDI) Now Covered by B. Riley

Investment analysts at B. Riley began coverage on shares of DoubleDown Interactive (NASDAQ:DDI) in a report 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.

A number of other brokerages also recently commented on DDI. Wedbush reissued an “outperform” rating and issued a $21.00 price objective on shares of DoubleDown Interactive in a research report on Wednesday, February 12th. Northland Securities reduced their price target on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th.

DoubleDown Interactive Price Performance

NASDAQ:DDI opened at $9.79 on Tuesday. The stock’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $12.80. DoubleDown Interactive has a 52-week low of $8.56 and a 52-week high of $18.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 21.25 and a current ratio of 19.38. The company has a market cap of $485.09 million, a P/E ratio of 3.90 and a beta of 0.94.

Institutional Trading of DoubleDown Interactive

A number of hedge funds have recently modified their holdings of DDI. Heck Capital Advisors LLC bought a new position in DoubleDown Interactive in the 4th quarter valued at about $76,000. JPMorgan Chase & Co. acquired a new position in shares of DoubleDown Interactive in the third quarter valued at approximately $81,000. Trexquant Investment LP bought a new position in shares of DoubleDown Interactive during the fourth quarter worth approximately $106,000. BNP Paribas Financial Markets acquired a new stake in DoubleDown Interactive during the 4th quarter worth approximately $111,000. Finally, Raymond James Financial Inc. bought a new stake in DoubleDown Interactive in the 4th quarter valued at $153,000.

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.