DouYu International (NASDAQ:DOYU - Get Free Report) was upgraded by investment analysts at Citigroup from a "sell" rating to a "neutral" rating in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $10.50 price objective on the stock, up from their prior price objective of $5.90. Citigroup's price target would indicate a potential upside of 33.59% from the company's current price.
Separately, HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a research note on Monday, March 17th.
Read Our Latest Stock Analysis on DOYU
DouYu International Stock Down 1.4 %
Shares of DOYU stock traded down $0.11 on Tuesday, reaching $7.86. The stock had a trading volume of 255,325 shares, compared to its average volume of 230,380. The firm's 50-day moving average is $12.15 and its two-hundred day moving average is $10.94. The firm has a market capitalization of $248.66 million, a price-to-earnings ratio of -8.93 and a beta of 1.00. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17.
DouYu International (NASDAQ:DOYU - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($2.18) by $1.87. The business had revenue of $155.65 million for the quarter, compared to analyst estimates of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.
Institutional Trading of DouYu International
Several institutional investors have recently modified their holdings of the business. FMR LLC raised its stake in DouYu International by 57.7% during the third quarter. FMR LLC now owns 1,859,521 shares of the company's stock worth $20,139,000 after buying an additional 680,659 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd grew its holdings in DouYu International by 22.6% during the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company's stock worth $17,667,000 after acquiring an additional 290,767 shares during the period. Point72 Hong Kong Ltd raised its position in shares of DouYu International by 29.7% in the 4th quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company's stock worth $8,011,000 after acquiring an additional 163,509 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of DouYu International in the 4th quarter valued at about $2,429,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of DouYu International during the 3rd quarter valued at about $1,762,000. Institutional investors own 17.86% of the company's stock.
About DouYu International
(
Get Free Report)
DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
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