Northland Securities Cuts DoubleDown Interactive (NASDAQ:DDI) Price Target to $18.00

DoubleDown Interactive (NASDAQ:DDI) had its price target decreased by Northland Securities from $21.00 to $18.00 in a research report report published on Wednesday,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Separately, Wedbush increased their target price on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

DoubleDown Interactive Stock Performance

NASDAQ:DDI opened at $10.16 on Wednesday. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a fifty-two week low of $8.56 and a fifty-two week high of $18.21. The firm’s fifty day simple moving average is $10.62 and its 200-day simple moving average is $12.85. The stock has a market cap of $503.43 million, a PE ratio of 4.42 and a beta of 0.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in DoubleDown Interactive in the 4th quarter valued at about $76,000. JPMorgan Chase & Co. purchased a new stake in shares of DoubleDown Interactive in the third quarter valued at about $81,000. Trexquant Investment LP acquired a new stake in shares of DoubleDown Interactive in the fourth quarter valued at approximately $106,000. Raymond James Financial Inc. purchased a new position in shares of DoubleDown Interactive during the 4th quarter worth approximately $153,000. Finally, Aristides Capital LLC raised its position in shares of DoubleDown Interactive by 26.4% during the 4th quarter. Aristides Capital LLC now owns 32,714 shares of the company’s stock worth $342,000 after purchasing an additional 6,841 shares during the last quarter.

About DoubleDown Interactive

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.