DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Stake Cut by Rhumbline Advisers

Rhumbline Advisers trimmed its stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,305 shares of the company’s stock after selling 2,670 shares during the quarter. Rhumbline Advisers’ holdings in DoubleDown Interactive were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Arbor Capital Management Inc. ADV purchased a new stake in shares of DoubleDown Interactive during the fourth quarter valued at $514,000.

DoubleDown Interactive Trading Up 11.9 %

Shares of NASDAQ:DDI opened at $16.50 on Tuesday. The firm has a fifty day moving average of $13.12 and a two-hundred day moving average of $12.29. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. DoubleDown Interactive Co., Ltd. has a 12-month low of $6.95 and a 12-month high of $16.75. The firm has a market capitalization of $817.62 million, a P/E ratio of 7.67 and a beta of 0.83.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Monday, August 12th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. DoubleDown Interactive had a net margin of 34.85% and a return on equity of 15.62%. The firm had revenue of $88.24 million during the quarter, compared to analysts’ expectations of $83.87 million. During the same period in the previous year, the company earned $0.49 earnings per share. On average, equities analysts expect that DoubleDown Interactive Co., Ltd. will post 2.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DDI has been the subject of a number of analyst reports. B. Riley upped their price objective on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Northland Securities upped their price target on shares of DoubleDown Interactive from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, Wedbush lifted their price objective on shares of DoubleDown Interactive from $14.75 to $16.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th.

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.