DouYu International (NASDAQ:DOYU) Posts Earnings Results, Meets Estimates

DouYu International (NASDAQ:DOYU) announced its quarterly earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02), reports. The company had revenue of $182.53 million during the quarter. DouYu International had a return on equity of 2.27% and a net margin of 0.61%.

DouYu International Stock Performance

Shares of NASDAQ:DOYU opened at $0.70 on Thursday. DouYu International has a 52-week low of $0.65 and a 52-week high of $1.23. The firm has a market capitalization of $223.88 million, a P/E ratio of 70.08 and a beta of 1.03. The stock has a 50 day moving average price of $0.76 and a 200-day moving average price of $0.84.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of DouYu International in a research report on Thursday, December 7th.

Hedge Funds Weigh In On DouYu International

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of DouYu International by 100.0% in the 1st quarter. Bank of America Corp DE now owns 7,204,149 shares of the company’s stock worth $8,573,000 after acquiring an additional 3,602,092 shares in the last quarter. State Street Corp increased its stake in shares of DouYu International by 66.7% during the second quarter. State Street Corp now owns 3,907,241 shares of the company’s stock valued at $4,689,000 after purchasing an additional 1,563,200 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of DouYu International by 97.9% during the second quarter. Renaissance Technologies LLC now owns 1,523,051 shares of the company’s stock valued at $1,828,000 after purchasing an additional 753,451 shares during the last quarter. Morgan Stanley boosted its position in shares of DouYu International by 144.5% in the 4th quarter. Morgan Stanley now owns 863,018 shares of the company’s stock worth $1,208,000 after purchasing an additional 510,056 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of DouYu International in the 2nd quarter worth approximately $313,000. Institutional investors own 17.86% of the company’s stock.

DouYu International Company Profile

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.