DoubleDown Interactive (NASDAQ:DDI) Rating Increased to Strong-Buy at B. Riley

B. Riley upgraded shares of DoubleDown Interactive (NASDAQ:DDI) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

DDI has been the subject of several other research reports. Northland Securities cut their target price 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 reissued an “outperform” rating and set a $21.00 price objective on shares of DoubleDown Interactive in a report on Wednesday, February 12th.

DoubleDown Interactive Trading Up 2.9 %

Shares of DoubleDown Interactive 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 firm has a market cap of $499.00 million, a PE ratio of 4.01 and a beta of 0.94. The stock has a fifty day moving average price of $10.40 and a 200-day moving average price of $12.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 19.38 and a quick ratio of 21.25.

Institutional Investors Weigh In On DoubleDown Interactive

A number of large investors have recently made changes to their positions in the business. B. Riley Financial Inc. boosted 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 valued at $43,706,000 after purchasing an additional 154,087 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of DoubleDown Interactive during the third quarter valued at approximately $2,026,000. Walleye Capital LLC bought a new stake in shares of DoubleDown Interactive during the fourth quarter valued at approximately $588,000. Ameriprise Financial Inc. boosted its holdings in DoubleDown Interactive by 10.3% in the fourth quarter. Ameriprise Financial Inc. now owns 517,341 shares of the company’s stock worth $5,401,000 after acquiring an additional 48,244 shares in the last quarter. Finally, Boston Partners bought a new stake in DoubleDown Interactive in the fourth quarter worth $354,000.

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.