Hudson Bay Capital Management LP Sells 225,385 Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR $DDI

Hudson Bay Capital Management LP lowered its position in shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) by 37.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,436 shares of the company’s stock after selling 225,385 shares during the quarter. Hudson Bay Capital Management LP owned 0.76% of DoubleDown Interactive worth $3,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DDI. Goldman Sachs Group Inc. raised its position in shares of DoubleDown Interactive by 127.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock valued at $285,000 after purchasing an additional 16,128 shares during the period. Acadian Asset Management LLC lifted its stake in shares of DoubleDown Interactive by 124.7% during the 1st quarter. Acadian Asset Management LLC now owns 60,282 shares of the company’s stock valued at $591,000 after buying an additional 33,459 shares in the last quarter. Boston Partners boosted its holdings in DoubleDown Interactive by 53.7% in the 2nd quarter. Boston Partners now owns 75,528 shares of the company’s stock worth $723,000 after buying an additional 26,379 shares during the period. Ameriprise Financial Inc. increased its stake in DoubleDown Interactive by 130.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,231,132 shares of the company’s stock worth $11,782,000 after buying an additional 696,366 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new stake in DoubleDown Interactive in the 2nd quarter worth $2,632,000.

DoubleDown Interactive Stock Performance

Shares of NASDAQ:DDI opened at $8.35 on Friday. The firm has a market cap of $413.74 million, a price-to-earnings ratio of 4.03 and a beta of 0.83. The firm has a fifty day moving average price of $8.81 and a 200 day moving average price of $8.96. DoubleDown Interactive Co., Ltd. Sponsored ADR has a fifty-two week low of $8.09 and a fifty-two week high of $11.25.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). The company had revenue of $95.79 million during the quarter, compared to the consensus estimate of $99.61 million. DoubleDown Interactive had a net margin of 28.48% and a return on equity of 11.27%. As a group, research analysts predict that DoubleDown Interactive Co., Ltd. Sponsored ADR will post 2.28 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on DDI. Wall Street Zen downgraded DoubleDown Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings cut DoubleDown Interactive from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.75.

DoubleDown Interactive Profile

DoubleDown Interactive (NASDAQ: DDI) is a digital entertainment company that specializes in the development and publishing of social casino games. The company’s portfolio centers around free-to-play titles that emulate the experience of land-based casino games such as slots, video poker, bingo and table games. By blending high-quality graphics, engaging gameplay features and real-time social mechanics, DoubleDown Interactive aims to deliver a virtual casino environment accessible via web, mobile and social media platforms.

The company’s flagship offering, DoubleDown Casino, serves as a hub for multiple slot and table-style games, enabling millions of registered players to compete in tournaments, unlock new machines and purchase virtual coins through in-app transactions.