Rhumbline Advisers Sells 1,355 Shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Rhumbline Advisers reduced its stake in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,950 shares of the company’s stock after selling 1,355 shares during the quarter. Rhumbline Advisers’ holdings in DoubleDown Interactive were worth $73,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of DoubleDown Interactive during the fourth quarter worth approximately $76,000. JPMorgan Chase & Co. bought a new position in shares of DoubleDown Interactive during the third quarter worth approximately $81,000. Finally, Sanctuary Advisors LLC bought a new position in shares of DoubleDown Interactive during the third quarter worth approximately $2,026,000.

DoubleDown Interactive Stock Performance

NASDAQ DDI opened at $9.45 on Tuesday. DoubleDown Interactive Co., Ltd. has a 1 year low of $8.56 and a 1 year high of $18.21. The company has a current ratio of 19.38, a quick ratio of 21.25 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $468.28 million, a price-to-earnings ratio of 3.76 and a beta of 0.92. The firm’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $12.58.

Analysts Set New Price Targets

DDI has been the topic of several recent research reports. B. Riley initiated coverage on shares of DoubleDown Interactive in a report on Tuesday, February 25th. They set a “buy” rating and a $23.00 target price on the stock. Wedbush reiterated an “outperform” rating and set a $21.00 price target on shares of DoubleDown Interactive in a research report on Wednesday, February 12th. Finally, Northland Securities reduced their price target on shares of DoubleDown Interactive from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th.

DoubleDown Interactive 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.