Verition Fund Management LLC Lowers Stock Holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Verition Fund Management LLC trimmed its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Rating) by 21.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 98,054 shares of the company’s stock after selling 26,205 shares during the period. Verition Fund Management LLC’s holdings in DoubleDown Interactive were worth $1,156,000 as of its most recent SEC filing.

Separately, B. Riley Financial Inc. lifted its holdings in shares of DoubleDown Interactive by 1.9% during the first quarter. B. Riley Financial Inc. now owns 3,854,440 shares of the company’s stock valued at $45,713,000 after purchasing an additional 70,404 shares during the last quarter. Institutional investors and hedge funds own 9.77% of the company’s stock.

DoubleDown Interactive Price Performance

Shares of DDI opened at $10.02 on Wednesday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.05. DoubleDown Interactive Co., Ltd. has a twelve month low of $8.31 and a twelve month high of $17.88. The company has a market capitalization of $496.52 million and a P/E ratio of 18.91. The firm has a 50 day moving average of $9.86 and a 200 day moving average of $10.64.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DDI. Macquarie began coverage on shares of DoubleDown Interactive in a research report on Thursday, September 15th. They set an “outperform” rating and a $17.00 price target for the company. B. Riley reduced their price target on shares of DoubleDown Interactive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, June 28th.

DoubleDown Interactive Company Profile

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DoubleDown Interactive Co, Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games. Its games are primarily distributed, marketed, and promoted through third party platform providers.

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Institutional Ownership by Quarter for DoubleDown Interactive (NASDAQ:DDI)

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