DouYu International (NASDAQ:DOYU) Announces Earnings Results

DouYu International (NASDAQ:DOYU - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.15, Zacks reports. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The firm had revenue of $130.54 million during the quarter, compared to analyst estimates of $997.20 million.

DouYu International Stock Down 0.8%

NASDAQ DOYU traded down $0.05 during trading hours on Wednesday, reaching $6.84. 7,809 shares of the company were exchanged, compared to its average volume of 227,462. The stock has a market capitalization of $206.30 million, a P/E ratio of -7.77 and a beta of 0.83. DouYu International has a 1 year low of $5.68 and a 1 year high of $20.17. The business's 50 day simple moving average is $7.14 and its 200-day simple moving average is $10.19.

Analysts Set New Price Targets

DOYU has been the topic of several analyst reports. Citigroup upgraded shares of DouYu International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $5.90 to $10.50 in a report on Tuesday, March 18th. Hsbc Global Res upgraded DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. Finally, HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th.

Check Out Our Latest Stock Report on DouYu International

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DouYu International stock. Jane Street Group LLC acquired a new stake in DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,962 shares of the company's stock, valued at approximately $508,000. Jane Street Group LLC owned 0.23% of DouYu International as of its most recent filing with the SEC. 17.86% of the stock is owned by institutional investors.

About DouYu International

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 the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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