DouYu International (NASDAQ:DOYU) Issues Earnings Results

DouYu International (NASDAQ:DOYU) released its earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13, FiscalAI reports. The firm had revenue of $131.32 million during the quarter, compared to analysts’ expectations of $122.78 million. DouYu International had a negative return on equity of 1.57% and a negative net margin of 4.74%.

DouYu International Trading Up 0.5%

Shares of DOYU traded up $0.03 during mid-day trading on Thursday, hitting $4.80. The company’s stock had a trading volume of 9,867 shares, compared to its average volume of 44,926. DouYu International has a 1-year low of $4.28 and a 1-year high of $9.34. The firm has a market capitalization of $144.71 million, a P/E ratio of -5.45 and a beta of 0.80. The firm has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $6.58.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DouYu International in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DouYu International currently has a consensus rating of “Reduce” and a consensus price target of $7.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DOYU. New York State Common Retirement Fund bought a new stake in DouYu International during the fourth quarter valued at $28,000. BNP Paribas Financial Markets increased its stake in shares of DouYu International by 41.5% in the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after purchasing an additional 3,749 shares during the period. Citadel Advisors LLC bought a new stake in shares of DouYu International during the third quarter valued at approximately $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $408,000 after buying an additional 5,144 shares in the last quarter. Finally, Sei Investments Co. lifted its position 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 purchasing an additional 59,761 shares during the period. 17.86% of the stock is currently owned by institutional investors and hedge funds.

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.