DouYu International (NASDAQ:DOYU – Get Free Report) announced its earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.15, FiscalAI reports. The business had revenue of $144.40 million during the quarter, compared to the consensus estimate of $139.32 million. DouYu International had a return on equity of 4.60% and a net margin of 2.11%.
DouYu International Price Performance
Shares of NASDAQ:DOYU opened at $4.71 on Thursday. The firm has a market capitalization of $142.15 million, a PE ratio of 13.08 and a beta of 0.93. DouYu International has a 1 year low of $4.28 and a 1 year high of $8.65. The firm’s 50-day moving average is $4.65 and its two-hundred day moving average is $4.92.
Wall Street Analyst Weigh In
DOYU has been the subject of several research reports. Weiss Ratings upgraded DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Citigroup initiated coverage on DouYu International in a report on Friday, May 29th. They issued a “neutral” rating and a $5.20 target price for the company. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $5.20.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of DouYu International by 2.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock worth $526,000 after buying an additional 1,801 shares during the period. BNP Paribas Financial Markets raised its holdings in DouYu International by 41.5% during 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 in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of DouYu International during the 4th quarter worth approximately $28,000. Bank of America Corp DE boosted its holdings in shares of DouYu International by 9.7% in the 3rd quarter. Bank of America Corp DE now owns 140,241 shares of the company’s stock valued at $1,055,000 after buying an additional 12,453 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in DouYu International by 19.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock valued at $606,000 after acquiring an additional 15,128 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.
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