DouYu International (NASDAQ:DOYU) Stock Price Down 1.3% – What’s Next?

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU)’s stock price dropped 1.3% on Monday . The company traded as low as $4.50 and last traded at $4.65. 19,628 shares were traded during trading, a decline of 40% from the average session volume of 32,483 shares. The stock had previously closed at $4.71.

Analyst Ratings Changes

DOYU has been the subject of several research reports. Weiss Ratings raised shares of DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Citigroup initiated coverage on shares of DouYu International in a report on Friday, May 29th. They set a “neutral” rating and a $5.20 price objective for the company. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DouYu International presently has an average rating of “Reduce” and an average price target of $5.20.

DouYu International Stock Down 1.3%

The company has a market cap of $140.34 million, a PE ratio of 12.92 and a beta of 0.86. The company has a 50-day moving average of $4.86 and a 200-day moving average of $5.57.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. DouYu International had a return on equity of 4.60% and a net margin of 2.11%.The business had revenue of $119.20 million during the quarter, compared to the consensus estimate of $127.06 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DouYu International by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock valued at $408,000 after buying an additional 5,144 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of DouYu International during the first quarter valued at approximately $508,000. Arrowstreet Capital Limited Partnership lifted its holdings in DouYu International by 19.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock worth $606,000 after acquiring an additional 15,128 shares during the period. Sei Investments Co. lifted its holdings in DouYu International by 342.9% during the second quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock worth $500,000 after acquiring an additional 59,761 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in DouYu International by 41.5% in the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after purchasing an additional 3,749 shares during the last quarter. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.