683 Capital Management LLC Has $4.32 Million Stock Holdings in DoubleDown Interactive Co., Ltd. Sponsored ADR $DDI

683 Capital Management LLC increased its position in shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (NASDAQ:DDI) by 66.7% during the 4th quarter, HoldingsChannel reports. The fund owned 500,000 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. 683 Capital Management LLC’s holdings in DoubleDown Interactive were worth $4,315,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Whetstone Capital Advisors LLC bought a new stake in DoubleDown Interactive in the fourth quarter valued at about $173,000. Hudson Bay Capital Management LP grew its holdings in shares of DoubleDown Interactive by 50.2% in the 4th quarter. Hudson Bay Capital Management LP now owns 565,251 shares of the company’s stock valued at $4,878,000 after buying an additional 188,815 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of DoubleDown Interactive by 41.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 96,275 shares of the company’s stock valued at $831,000 after buying an additional 28,006 shares during the period. Aristides Capital LLC grew its holdings in shares of DoubleDown Interactive by 4.5% in the 4th quarter. Aristides Capital LLC now owns 34,194 shares of the company’s stock valued at $295,000 after buying an additional 1,480 shares during the period. Finally, Potomac Capital Management Inc. acquired a new position in shares of DoubleDown Interactive in the 4th quarter valued at $683,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen raised DoubleDown Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Wedbush dropped their price target on DoubleDown Interactive from $21.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings raised DoubleDown Interactive from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Freedom Capital downgraded DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.67.

DoubleDown Interactive Stock Down 3.7%

DDI stock opened at $11.36 on Thursday. The business has a 50 day moving average price of $10.80 and a two-hundred day moving average price of $9.50. The company has a market cap of $562.92 million, a price-to-earnings ratio of 4.94 and a beta of 1.02. DoubleDown Interactive Co., Ltd. Sponsored ADR has a twelve month low of $8.10 and a twelve month high of $12.35.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The firm had revenue of $94.12 million during the quarter, compared to the consensus estimate of $94.26 million. DoubleDown Interactive had a return on equity of 12.16% and a net margin of 30.77%. On average, equities research analysts anticipate that DoubleDown Interactive Co., Ltd. Sponsored ADR will post 2.51 EPS for the current fiscal year.

DoubleDown Interactive Company Profile

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.