DouYu International (NASDAQ:DOYU) Now Covered by Analysts at Citigroup

Citigroup started coverage on shares of DouYu International (NASDAQ:DOYU) in a research report sent to investors on Friday, MarketBeat reports. The firm issued a neutral rating and a $5.20 price target on the stock.

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

DouYu International Price Performance

NASDAQ DOYU opened at $5.24 on Friday. DouYu International has a 12 month low of $4.28 and a 12 month high of $9.34. The company has a 50-day moving average of $4.83 and a 200-day moving average of $5.81. The company has a market cap of $158.14 million, a P/E ratio of 14.56 and a beta of 0.85.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DouYu International had a net margin of 2.11% and a return on equity of 4.63%. The company had revenue of $119.20 million during the quarter, compared to the consensus estimate of $127.06 million.

Institutional Trading of DouYu International

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in DouYu International during the 1st quarter worth approximately $508,000. Sei Investments Co. increased its position in DouYu International by 342.9% during the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock worth $500,000 after purchasing an additional 59,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in DouYu International by 24.7% during 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 in the last quarter. Citadel Advisors LLC acquired a new stake in DouYu International during the 3rd quarter worth approximately $283,000. Finally, BNP Paribas Financial Markets increased its position in DouYu International by 32.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 16,944 shares of the company’s stock worth $127,000 after purchasing an additional 4,154 shares in the last quarter. Institutional investors and hedge funds 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.