Sanctuary Advisors LLC Invests $2.03 Million in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Sanctuary Advisors LLC purchased a new stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 122,800 shares of the company’s stock, valued at approximately $2,026,000.

Separately, Renaissance Technologies LLC lifted its stake in DoubleDown Interactive by 81.6% in the second quarter. Renaissance Technologies LLC now owns 40,500 shares of the company’s stock worth $529,000 after purchasing an additional 18,200 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Northland Securities boosted their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Wedbush boosted their price objective on DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

DoubleDown Interactive Price Performance

DoubleDown Interactive stock opened at $10.59 on Thursday. The stock has a market cap of $524.77 million, a price-to-earnings ratio of 4.60 and a beta of 0.87. The firm has a 50-day moving average of $14.12 and a two-hundred day moving average of $13.42. DoubleDown Interactive Co., Ltd. has a 1 year low of $7.16 and a 1 year high of $18.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 21.25 and a quick ratio of 21.25.

DoubleDown Interactive (NASDAQ:DDI) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.04). The firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a return on equity of 14.78% and a net margin of 33.28%. During the same period last year, the company earned $0.54 EPS. On average, research analysts forecast that DoubleDown Interactive Co., Ltd. will post 2.38 earnings per share for the current year.

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.