DouYu International (NASDAQ:DOYU) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $8.80 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 22.22% from the stock’s current price.
DOYU has been the subject of several other research reports. 86 Research raised shares of DouYu International to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, September 3rd. Citigroup started coverage on shares of DouYu International in a report on Monday, August 12th. They issued a “buy” rating on the stock. HSBC started coverage on shares of DouYu International in a research report on Monday, September 16th. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of DouYu International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of DouYu International in a research report on Tuesday, August 27th. They issued an “overweight” rating for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.58.
Shares of NASDAQ DOYU opened at $7.20 on Monday. DouYu International has a 12-month low of $7.01 and a 12-month high of $11.88. The business has a 50 day moving average of $7.66.
A number of institutional investors have recently made changes to their positions in DOYU. Dean Capital Investments Management LLC acquired a new position in DouYu International during the 3rd quarter worth $427,000. Point72 Asset Management L.P. bought a new position in shares of DouYu International in the third quarter worth $934,000. Sylebra Capital Ltd acquired a new position in shares of DouYu International during the third quarter valued at $25,710,000. Finally, Millennium Management LLC acquired a new position in shares of DouYu International during the third quarter valued at $5,179,000. 12.25% of the stock is currently owned by hedge funds and other institutional investors.
DouYu International Company Profile
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.
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