683 Capital Management LLC Takes $2.63 Million Position in DoubleDown Interactive Co., Ltd. Sponsored ADR $DDI

683 Capital Management LLC bought a new stake in DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) during the second quarter, HoldingsChannel reports. The firm bought 275,000 shares of the company’s stock, valued at approximately $2,632,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in DoubleDown Interactive by 130.2% in the second quarter. Ameriprise Financial Inc. now owns 1,231,132 shares of the company’s stock valued at $11,782,000 after purchasing an additional 696,366 shares in the last quarter. Boston Partners increased its position in shares of DoubleDown Interactive by 53.7% during the 2nd quarter. Boston Partners now owns 75,528 shares of the company’s stock worth $723,000 after purchasing an additional 26,379 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of DoubleDown Interactive by 124.7% during the 1st quarter. Acadian Asset Management LLC now owns 60,282 shares of the company’s stock worth $591,000 after purchasing an additional 33,459 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of DoubleDown Interactive by 127.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,790 shares of the company’s stock valued at $285,000 after buying an additional 16,128 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of DoubleDown Interactive in the first quarter valued at $202,000.

DoubleDown Interactive Stock Performance

Shares of DDI opened at $9.05 on Friday. The firm has a market cap of $448.43 million, a P/E ratio of 3.93 and a beta of 0.84. DoubleDown Interactive Co., Ltd. Sponsored ADR has a 52 week low of $8.09 and a 52 week high of $12.00. The firm’s 50-day simple moving average is $9.04 and its 200 day simple moving average is $9.39.

DoubleDown Interactive (NASDAQ:DDI) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. DoubleDown Interactive had a return on equity of 12.92% and a net margin of 32.94%.The company had revenue of $95.85 million during the quarter, compared to analysts’ expectations of $94.28 million. As a group, equities analysts forecast that DoubleDown Interactive Co., Ltd. Sponsored ADR will post 2.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DDI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DoubleDown Interactive in a research report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $21.00 target price on shares of DoubleDown Interactive in a report on Tuesday, November 11th. Zacks Research downgraded shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Loop Capital set a $16.00 price objective on DoubleDown Interactive in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.60.

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.