DoubleDown Interactive (NASDAQ:DDI) Upgraded at B. Riley

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

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

DoubleDown Interactive Stock Performance

Shares of DDI stock opened at $10.07 on Monday. The company has a current ratio of 19.38, a quick ratio of 21.25 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $10.40 and a 200 day moving average price of $12.80. The company has a market cap of $499.00 million, a P/E ratio of 4.01 and a beta of 0.94. DoubleDown Interactive has a 12 month low of $8.56 and a 12 month high of $18.21.

Institutional Investors Weigh In On DoubleDown Interactive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in DoubleDown Interactive in the third quarter valued at $2,026,000. JPMorgan Chase & Co. purchased a new stake in DoubleDown Interactive in the third quarter valued at $81,000. Heck Capital Advisors LLC purchased a new stake in DoubleDown Interactive in the fourth quarter valued at $76,000. Ameriprise Financial Inc. lifted its position in DoubleDown Interactive by 10.3% in the fourth quarter. Ameriprise Financial Inc. now owns 517,341 shares of the company’s stock valued at $5,401,000 after acquiring an additional 48,244 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in DoubleDown Interactive in the fourth quarter valued at $153,000.

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.