DouYu International (NASDAQ:DOYU) Price Target Cut to $5.00 by Analysts at Citigroup

DouYu International (NASDAQ:DOYU) had its price objective decreased by research analysts at Citigroup from $5.20 to $5.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 17.10% from the company’s previous close.

Separately, Weiss Ratings upgraded shares of DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.00.

DouYu International Stock Down 2.1%

Shares of DOYU traded down $0.09 during midday trading on Monday, reaching $4.27. 70,623 shares of the stock were exchanged, compared to its average volume of 30,741. DouYu International has a twelve month low of $4.20 and a twelve month high of $8.65. The company has a market cap of $128.86 million, a P/E ratio of -26.69 and a beta of 0.93. The stock’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $4.89.

DouYu International (NASDAQ:DOYU) last announced its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DouYu International had a negative net margin of 0.94% and a positive return on equity of 2.66%. The company had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $127.06 million.

Institutional Trading of DouYu International

A number of institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of DouYu International by 2.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock worth $526,000 after acquiring an additional 1,801 shares during the period. BNP Paribas Financial Markets increased its stake in DouYu International by 41.5% in the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after acquiring an additional 3,749 shares during the last quarter. New York State Common Retirement Fund bought a new position in DouYu International in the fourth quarter valued at approximately $28,000. Renaissance Technologies LLC raised its position in DouYu International by 7.0% during the first quarter. Renaissance Technologies LLC now owns 124,426 shares of the company’s stock valued at $625,000 after purchasing an additional 8,088 shares in the last quarter. Finally, Bank of America Corp DE raised its position in DouYu International by 9.7% during the third quarter. Bank of America Corp DE now owns 140,241 shares of the company’s stock valued at $1,055,000 after purchasing an additional 12,453 shares in the last quarter. 17.86% of the stock is currently owned by institutional investors.

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.