DouYu International (NASDAQ:DOYU) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

DouYu International (NASDAQ:DOYU) announced its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09, Zacks reports. The business had revenue of $144.40 million for the quarter, compared to analysts’ expectations of $139.32 million. DouYu International had a positive return on equity of 2.65% and a negative net margin of 0.94%.

DouYu International Stock Down 2.2%

NASDAQ:DOYU opened at $4.36 on Friday. DouYu International has a twelve month low of $4.20 and a twelve month high of $8.65. The company has a fifty day moving average of $4.62 and a 200-day moving average of $4.90. The firm has a market capitalization of $131.58 million, a P/E ratio of -27.25 and a beta of 0.93.

Institutional Investors Weigh In On DouYu International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new position in shares of DouYu International during the 4th quarter worth about $28,000. BNP Paribas Financial Markets increased its position in DouYu International by 41.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after buying an additional 3,749 shares in the last quarter. Citadel Advisors LLC acquired a new position in DouYu International during the 3rd quarter worth approximately $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in DouYu International by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after buying an additional 5,144 shares during the period. Finally, Sei Investments Co. boosted its holdings in DouYu International by 342.9% in 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 in the last quarter. 17.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on DOYU. Weiss Ratings upgraded shares of DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Citigroup began coverage on shares of DouYu International in a research report on Friday, May 29th. They set a “neutral” rating and a $5.20 price target on the stock. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DouYu International currently has a consensus rating of “Reduce” and a consensus price target of $5.20.

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.