Aristides Capital LLC Buys 6,841 Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Aristides Capital LLC increased its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 26.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,714 shares of the company’s stock after purchasing an additional 6,841 shares during the quarter. Aristides Capital LLC owned 0.07% of DoubleDown Interactive worth $342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in DoubleDown Interactive in the 3rd quarter valued at about $81,000. Heck Capital Advisors LLC bought a new stake in shares of DoubleDown Interactive during the fourth quarter valued at approximately $76,000. Trexquant Investment LP purchased a new stake in shares of DoubleDown Interactive in the fourth quarter valued at approximately $106,000. Raymond James Financial Inc. bought a new position in DoubleDown Interactive in the fourth quarter worth approximately $153,000. Finally, Boston Partners purchased a new position in DoubleDown Interactive during the 4th quarter worth $354,000.

Wall Street Analysts Forecast Growth

DDI has been the topic of a number of recent research reports. Northland Securities dropped their price target on DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $21.00 target price on shares of DoubleDown Interactive in a report on Wednesday, February 12th. Finally, B. Riley initiated coverage on shares of DoubleDown Interactive in a research report on Tuesday, February 25th. They set a “buy” rating and a $23.00 target price on the stock.

DoubleDown Interactive Trading Down 2.8 %

Shares of NASDAQ DDI opened at $9.46 on Monday. DoubleDown Interactive Co., Ltd. has a 1-year low of $9.06 and a 1-year high of $18.21. The business has a fifty day moving average price of $9.98 and a 200 day moving average price of $12.03. The stock has a market capitalization of $468.77 million, a P/E ratio of 3.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 19.38 and a quick ratio of 21.25.

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.