DoubleDown Interactive (NASDAQ:DDI) Coverage Initiated at Macquarie

Posted by Tyrone Williams on May 23rd, 2024

Macquarie initiated coverage on shares of DoubleDown Interactive (NASDAQ:DDI – Free Report) in a research note issued to investors on Monday, StockNewsAPI reports. The brokerage issued an outperform rating on the stock.

Separately, Wedbush raised their price target on shares of DoubleDown Interactive from $13.50 to $14.75 and gave the stock an outperform rating in a report on Thursday, May 9th.

View Our Latest Report on DDI

DoubleDown Interactive Stock Down 0.4 %

DDI stock opened at $12.95 on Monday. DoubleDown Interactive has a 52 week low of $6.95 and a 52 week high of $15.96. The firm’s fifty day moving average is $11.30 and its 200 day moving average is $10.16.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. B. Riley Financial Inc. raised its holdings in DoubleDown Interactive by 0.5% in the third quarter. B. Riley Financial Inc. now owns 4,044,876 shares of the company’s stock worth $34,301,000 after buying an additional 20,356 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new position in DoubleDown Interactive in the fourth quarter worth about $82,000. Finally, Arbor Capital Management Inc. ADV purchased a new position in DoubleDown Interactive in the fourth quarter worth about $514,000.

About DoubleDown Interactive

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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.