Walleye Capital LLC Has $363,000 Position in DoubleDown Interactive Co., Ltd. Sponsored ADR $DDI

Walleye Capital LLC lessened its stake in shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) by 34.9% during the first quarter, Holdings Channel reports. The fund owned 36,672 shares of the company’s stock after selling 19,678 shares during the quarter. Walleye Capital LLC’s holdings in DoubleDown Interactive were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DDI. Heck Capital Advisors LLC acquired a new position in shares of DoubleDown Interactive during the 4th quarter valued at $76,000. BNP Paribas Financial Markets acquired a new position in shares of DoubleDown Interactive during the 4th quarter valued at $111,000. Raymond James Financial Inc. acquired a new position in shares of DoubleDown Interactive during the 4th quarter valued at $153,000. GAMMA Investing LLC lifted its position in shares of DoubleDown Interactive by 1,376.7% during the 1st quarter. GAMMA Investing LLC now owns 1,713 shares of the company’s stock valued at $173,000 after acquiring an additional 1,597 shares during the period. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of DoubleDown Interactive during the 1st quarter valued at $202,000.

DoubleDown Interactive Price Performance

NASDAQ DDI opened at $9.70 on Wednesday. DoubleDown Interactive Co., Ltd. Sponsored ADR has a 1 year low of $8.09 and a 1 year high of $18.21. The firm has a market cap of $480.64 million, a price-to-earnings ratio of 4.51 and a beta of 0.87. The company has a fifty day moving average price of $9.61 and a 200-day moving average price of $9.76.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Tuesday, August 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). DoubleDown Interactive had a return on equity of 12.44% and a net margin of 31.91%.The firm had revenue of $84.81 million during the quarter, compared to the consensus estimate of $83.13 million. On average, research analysts anticipate that DoubleDown Interactive Co., Ltd. Sponsored ADR will post 2.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DDI has been the subject of a number of recent research reports. Wall Street Zen lowered shares of DoubleDown Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Wedbush upgraded shares of DoubleDown Interactive to a “strong-buy” rating in a research note on Tuesday, July 1st. Roth Capital initiated coverage on shares of DoubleDown Interactive in a research note on Monday, June 23rd. They set a “buy” rating and a $16.00 price target for the company. Finally, B. Riley decreased their price target on shares of DoubleDown Interactive from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $19.25.

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.