Hudson Bay Capital Management LP Cuts Position in DoubleDown Interactive Co., Ltd. Sponsored ADR $DDI

Hudson Bay Capital Management LP decreased its position in DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) by 37.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,436 shares of the company’s stock after selling 225,385 shares during the quarter. Hudson Bay Capital Management LP’s holdings in DoubleDown Interactive were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of DoubleDown Interactive by 10.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,357,163 shares of the company’s stock valued at $12,676,000 after acquiring an additional 126,031 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of DoubleDown Interactive in the second quarter valued at $2,632,000. Stonehill Capital Management LLC increased its position in DoubleDown Interactive by 49.1% in the third quarter. Stonehill Capital Management LLC now owns 190,605 shares of the company’s stock worth $1,780,000 after purchasing an additional 62,735 shares during the last quarter. Millennium Management LLC raised its stake in DoubleDown Interactive by 100.2% during the third quarter. Millennium Management LLC now owns 116,677 shares of the company’s stock valued at $1,090,000 after purchasing an additional 58,395 shares in the last quarter. Finally, Boston Partners raised its stake in DoubleDown Interactive by 26.8% during the third quarter. Boston Partners now owns 95,744 shares of the company’s stock valued at $894,000 after purchasing an additional 20,216 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on DDI shares. Wall Street Zen cut shares of DoubleDown Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings cut shares of DoubleDown Interactive from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DoubleDown Interactive currently has a consensus rating of “Hold” and a consensus target price of $18.75.

DoubleDown Interactive Stock Performance

NASDAQ DDI opened at $8.35 on Friday. The business’s 50 day moving average price is $8.81 and its 200-day moving average price is $8.96. DoubleDown Interactive Co., Ltd. Sponsored ADR has a fifty-two week low of $8.09 and a fifty-two week high of $11.25. The company has a market cap of $413.74 million, a P/E ratio of 4.03 and a beta of 0.83.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.13). DoubleDown Interactive had a return on equity of 11.27% and a net margin of 28.48%.The firm had revenue of $95.79 million for the quarter, compared to analysts’ expectations of $99.61 million. As a group, equities analysts predict that DoubleDown Interactive Co., Ltd. Sponsored ADR will post 2.28 EPS for the current year.

About DoubleDown Interactive

DoubleDown Interactive (NASDAQ: DDI) is a digital entertainment company that specializes in the development and publishing of social casino games. The company’s portfolio centers around free-to-play titles that emulate the experience of land-based casino games such as slots, video poker, bingo and table games. By blending high-quality graphics, engaging gameplay features and real-time social mechanics, DoubleDown Interactive aims to deliver a virtual casino environment accessible via web, mobile and social media platforms.

The company’s flagship offering, DoubleDown Casino, serves as a hub for multiple slot and table-style games, enabling millions of registered players to compete in tournaments, unlock new machines and purchase virtual coins through in-app transactions.