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

B. Riley initiated coverage on shares of DoubleDown Interactive (NASDAQ:DDI) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $23.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 134.22% from the stock’s previous close.

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

DoubleDown Interactive Trading Down 2.5 %

NASDAQ DDI opened at $9.82 on Tuesday. 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 stock has a market capitalization of $486.61 million, a P/E ratio of 3.91 and a beta of 0.94. The firm’s 50-day moving average is $10.38 and its two-hundred day moving average is $12.79. DoubleDown Interactive has a 12 month low of $8.56 and a 12 month high of $18.21.

Institutional Trading of DoubleDown Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of DDI. Sanctuary Advisors LLC purchased a new position in shares of DoubleDown Interactive in the 3rd quarter valued at $2,026,000. JPMorgan Chase & Co. acquired a new position in DoubleDown Interactive in the third quarter valued at $81,000. Heck Capital Advisors LLC purchased a new position in shares of DoubleDown Interactive during the fourth quarter worth about $76,000. Raymond James Financial Inc. purchased a new position in shares of DoubleDown Interactive during the fourth quarter worth about $153,000. Finally, Boston Partners acquired a new stake in shares of DoubleDown Interactive during the fourth quarter worth about $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.