Raymond James Financial Services Advisors Inc. Cuts Stock Position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Raymond James Financial Services Advisors Inc. cut its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,727 shares of the company’s stock after selling 4,805 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in DoubleDown Interactive were worth $108,000 as of its most recent SEC filing.

Separately, B. Riley Financial Inc. increased its position in shares of DoubleDown Interactive by 0.5% in the third quarter. B. Riley Financial Inc. now owns 4,044,876 shares of the company’s stock valued at $34,301,000 after buying an additional 20,356 shares in the last quarter.

DoubleDown Interactive Stock Performance

DoubleDown Interactive stock opened at $11.16 on Friday. DoubleDown Interactive Co., Ltd. has a 12 month low of $6.95 and a 12 month high of $15.96. The business has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $9.72.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $83.10 million during the quarter, compared to analysts’ expectations of $76.42 million. DoubleDown Interactive had a return on equity of 14.62% and a net margin of 32.51%. As a group, research analysts anticipate that DoubleDown Interactive Co., Ltd. will post 2.04 EPS for the current fiscal year.

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.