DouYu International (NASDAQ:DOYU) Releases Earnings Results, Beats Estimates By $0.15 EPS

DouYu International (NASDAQ:DOYU) released its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.15, FiscalAI reports. The firm had revenue of $144.40 million during the quarter, compared to the consensus estimate of $139.32 million. DouYu International had a net margin of 2.11% and a return on equity of 4.60%.

DouYu International Stock Performance

DOYU stock opened at $4.71 on Thursday. The company has a 50 day moving average price of $4.65 and a two-hundred day moving average price of $4.92. The stock has a market capitalization of $142.15 million, a P/E ratio of 13.08 and a beta of 0.93. DouYu International has a one year low of $4.28 and a one year high of $8.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund acquired a new stake in shares of DouYu International in the fourth quarter worth approximately $28,000. BNP Paribas Financial Markets raised its stake in DouYu International by 41.5% during the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after purchasing an additional 3,749 shares during the period. Citadel Advisors LLC acquired a new position in shares of DouYu International in the 3rd quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of DouYu International by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock valued at $408,000 after buying an additional 5,144 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of DouYu International during the 1st quarter valued at $508,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on DOYU shares. Citigroup assumed coverage on shares of DouYu International in a research note on Friday, May 29th. They issued a “neutral” rating and a $5.20 price objective on the stock. Weiss Ratings raised DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DouYu International has a consensus rating of “Reduce” and an average price target of $5.20.

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.