Citigroup Reaffirms “Neutral” Rating for DouYu International (NASDAQ:DOYU)

DouYu International (NASDAQ:DOYU)‘s stock had its “neutral” rating restated by research analysts at Citigroup in a note issued to investors on Friday, MarketBeat.com reports. They currently have a $5.20 price objective on the stock. Citigroup’s target price points to a potential upside of 0.97% from the company’s current price.

Separately, Weiss Ratings downgraded shares of DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.20.

DouYu International Stock Up 3.0%

DOYU traded up $0.15 during midday trading on Friday, hitting $5.15. 1,292 shares of the company traded hands, compared to its average volume of 34,556. The company’s 50-day moving average is $4.83 and its 200 day moving average is $5.81. The firm has a market capitalization of $155.43 million, a PE ratio of -39.07 and a beta of 0.85. DouYu International has a 52 week low of $4.28 and a 52 week high of $9.34.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $127.06 million. DouYu International had a negative net margin of 0.73% and a positive return on equity of 2.04%.

Institutional Investors Weigh In On DouYu International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Athos Capital Ltd grew its stake in shares of DouYu International by 8.2% during the 3rd quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock valued at $162,000 after acquiring an additional 1,638 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in DouYu International by 2.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock worth $526,000 after acquiring an additional 1,801 shares in the last quarter. BNP Paribas Financial Markets raised its stake in DouYu International by 41.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after acquiring an additional 3,749 shares during the period. New York State Common Retirement Fund purchased a new position in DouYu International during the fourth quarter valued at approximately $28,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in DouYu International during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

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.