DouYu International (NASDAQ:DOYU) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of DouYu International (NASDAQ:DOYUGet Rating) from a hold rating to a buy rating in a research report report published on Wednesday, Zacks.com reports. They currently have $1.75 target price on the stock.

According to Zacks, “DouYu International Holdings Limited provides a game-centric live streaming platform primarily in China. The company operates its platform on both PC and mobile apps. DouYu International Holdings Limited is headquartered in Wuhan, China. “

A number of other brokerages have also recently weighed in on DOYU. Citigroup dropped their price target on DouYu International from $3.60 to $2.40 and set a neutral rating on the stock in a research note on Thursday, March 17th. JPMorgan Chase & Co. lowered DouYu International from a neutral rating to an underweight rating and set a $1.20 price objective for the company. in a research report on Monday, March 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $2.33.

NASDAQ:DOYU opened at $1.36 on Wednesday. The business’s 50-day moving average price is $1.88 and its 200 day moving average price is $2.28. The firm has a market cap of $431.77 million, a P/E ratio of -5.44 and a beta of 0.96. DouYu International has a 52-week low of $1.24 and a 52-week high of $8.90.

DouYu International (NASDAQ:DOYUGet Rating) last issued its quarterly earnings results on Wednesday, March 16th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.26 billion. DouYu International had a negative return on equity of 8.26% and a negative net margin of 6.01%. DouYu International’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) EPS. On average, equities analysts anticipate that DouYu International will post -0.23 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in DOYU. Oasis Management Co Ltd. acquired a new stake in DouYu International during the 1st quarter worth about $26,768,000. Two Sigma Investments LP lifted its holdings in shares of DouYu International by 846.2% during the 3rd quarter. Two Sigma Investments LP now owns 4,651,528 shares of the company’s stock valued at $15,304,000 after buying an additional 4,159,938 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of DouYu International by 2,111.7% during the 4th quarter. Bank of America Corp DE now owns 3,605,573 shares of the company’s stock valued at $9,519,000 after buying an additional 3,442,549 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of DouYu International by 99.6% during the 3rd quarter. Krane Funds Advisors LLC now owns 3,219,845 shares of the company’s stock valued at $10,593,000 after buying an additional 1,606,986 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of DouYu International during the 4th quarter valued at about $4,064,000. Hedge funds and other institutional investors own 19.54% of the company’s stock.

About DouYu International (Get Rating)

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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