Morgan Stanley cut shares of DouYu International (NASDAQ:DOYU) from an overweight rating to an equal weight rating in a report published on Monday, Benzinga reports. They currently have $8.80 target price on the stock.

Other equities research analysts also recently issued reports about the company. HSBC initiated coverage on DouYu International in a report on Monday, September 16th. They set a hold rating on the stock. JPMorgan Chase & Co. began coverage on DouYu International in a research note on Tuesday, August 27th. They set an overweight rating for the company. Bank of America assumed coverage on DouYu International in a research note on Monday, August 12th. They set a buy rating for the company. Citigroup started coverage on shares of DouYu International in a research report on Monday, August 12th. They set a buy rating for the company. Finally, Zacks Investment Research lowered shares of DouYu International from a hold rating to a sell rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. DouYu International has a consensus rating of Hold and a consensus price target of $10.10.

Shares of DOYU stock opened at $7.51 on Monday. The business has a fifty day moving average price of $7.69. DouYu International has a 12 month low of $7.01 and a 12 month high of $11.88.

DouYu International (NASDAQ:DOYU) last announced its earnings results on Wednesday, November 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.06. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. The firm’s revenue for the quarter was up 81.4% compared to the same quarter last year. Equities analysts expect that DouYu International will post -0.05 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Dean Capital Investments Management LLC acquired a new position in DouYu International in the third quarter worth about $427,000. Point72 Asset Management L.P. acquired a new stake in DouYu International during the third quarter valued at approximately $934,000. Millennium Management LLC bought a new position in DouYu International during the 3rd quarter worth approximately $5,179,000. Finally, Sylebra Capital Ltd bought a new position in DouYu International during the 3rd quarter worth approximately $25,710,000. 12.25% of the stock is currently owned by institutional investors and hedge funds.

DouYu International Company Profile

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

Featured Story: Diversification

Analyst Recommendations for DouYu International (NASDAQ:DOYU)

Receive News & Ratings for DouYu International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DouYu International and related companies with MarketBeat.com's FREE daily email newsletter.