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

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

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

DoubleDown Interactive Price Performance

Shares of NASDAQ:DDI opened at $10.07 on Monday. The company has a 50-day simple moving average of $10.40 and a 200-day simple moving average of $12.80. DoubleDown Interactive has a one year low of $8.56 and a one year 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 stock has a market capitalization of $499.00 million, a price-to-earnings ratio of 4.01 and a beta of 0.94.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DDI. Heck Capital Advisors LLC purchased a new position in DoubleDown Interactive during the fourth quarter worth about $76,000. JPMorgan Chase & Co. purchased a new position in DoubleDown Interactive during the third quarter worth about $81,000. Trexquant Investment LP purchased a new position in DoubleDown Interactive during the fourth quarter worth about $106,000. BNP Paribas Financial Markets purchased a new position in DoubleDown Interactive during the fourth quarter worth about $111,000. Finally, Raymond James Financial Inc. acquired a new position in DoubleDown Interactive during the fourth quarter worth about $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.