DouYu International (NASDAQ:DOYU) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Monday, Marketbeat Ratings reports. They presently have a $8.00 target price on the stock, down from their prior target price of $10.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.11% from the company’s current price.
A number of other research analysts have also recently issued reports on DOYU. Morgan Stanley cut shares of DouYu International from an “overweight” rating to an “equal weight” rating and set a $8.80 price objective for the company. in a report on Monday. Zacks Investment Research lowered shares of DouYu International from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. 86 Research raised shares of DouYu International to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, September 3rd. Bank of America initiated coverage on shares of DouYu International in a report on Monday, August 12th. They issued a “buy” rating for the company. Finally, Citigroup started coverage on shares of DouYu International in a research report on Monday, August 12th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.58.
Shares of DOYU opened at $7.20 on Monday. DouYu International has a 1 year low of $7.01 and a 1 year high of $11.88. The stock’s 50-day moving average is $7.66.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sylebra Capital Ltd bought a new position in shares of DouYu International during the 3rd quarter valued at about $25,710,000. Millennium Management LLC acquired a new position in shares of DouYu International in the 3rd quarter valued at approximately $5,179,000. Point72 Asset Management L.P. acquired a new position in shares of DouYu International in the 3rd quarter valued at approximately $934,000. Finally, Dean Capital Investments Management LLC bought a new stake in DouYu International during the 3rd quarter worth approximately $427,000. 12.25% of the stock is currently owned by institutional investors.
About DouYu International
DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
See Also: How does quantitative easing work?
Receive News & Ratings for DouYu International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DouYu International and related companies with MarketBeat.com's FREE daily email newsletter.