DouYu International (NASDAQ:DOYU) Announces Earnings Results, Beats Expectations By $0.06 EPS

DouYu International (NASDAQ:DOYUGet Free Report) issued its quarterly earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06, FiscalAI reports. The company had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $127.06 million. DouYu International had a net margin of 2.11% and a return on equity of 4.63%.

DouYu International Trading Up 2.3%

NASDAQ:DOYU opened at $5.24 on Friday. DouYu International has a 1-year low of $4.28 and a 1-year high of $9.34. The firm has a fifty day simple moving average of $4.83 and a 200 day simple moving average of $5.81. The stock has a market capitalization of $158.14 million, a PE ratio of 14.56 and a beta of 0.85.

Analyst Upgrades and Downgrades

DOYU has been the subject of several research reports. Weiss Ratings cut shares of DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Citigroup initiated coverage on shares of DouYu International in a research note on Friday. They set a “neutral” rating and a $5.20 price target 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, DouYu International presently has a consensus rating of “Reduce” and a consensus price target of $5.20.

Check Out Our Latest Stock Analysis on DOYU

Hedge Funds Weigh In On DouYu International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. grew its stake in shares of DouYu International by 342.9% in the second quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock valued at $500,000 after buying an additional 59,761 shares in the last quarter. Jane Street Group LLC bought a new position in shares of DouYu International in the first quarter valued at $508,000. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 buying an additional 15,128 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DouYu International by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 162,659 shares of the company’s stock valued at $1,106,000 after buying an additional 15,589 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of DouYu International by 9.7% in the third 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. 17.86% of the stock is owned by institutional investors.

DouYu International Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for DouYu International (NASDAQ:DOYU)

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