DouYu International (NASDAQ:DOYU – Free Report) had its price objective lowered by Citigroup from $5.20 to $5.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.
Separately, Weiss Ratings raised shares of DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.00.
Check Out Our Latest Stock Report on DouYu International
DouYu International Trading Up 2.6%
DouYu International (NASDAQ:DOYU – Get Free Report) last posted its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The firm had revenue of $119.20 million during the quarter, compared to analyst estimates of $127.06 million. DouYu International had a negative net margin of 0.94% and a positive return on equity of 2.66%.
Institutional Trading of DouYu International
Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of DouYu International by 9.7% during the 3rd quarter. Bank of America Corp DE now owns 140,241 shares of the company’s stock valued at $1,055,000 after acquiring an additional 12,453 shares during the period. Sei Investments Co. raised its holdings in shares of DouYu International by 20.8% in the 3rd quarter. Sei Investments Co. now owns 93,265 shares of the company’s stock worth $701,000 after purchasing an additional 16,077 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of DouYu International by 24.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,199 shares of the company’s stock worth $442,000 after purchasing an additional 13,523 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake 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 purchasing an additional 15,128 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in DouYu International during the first quarter valued at $508,000. Institutional investors own 17.86% of the company’s stock.
DouYu International Company Profile
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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