DouYu International (NASDAQ:DOYU) Upgraded by HSBC to Hold

DouYu International (NASDAQ:DOYU) was upgraded by equities researchers at HSBC from a “reduce” rating to a “hold” rating in a research note issued on Wednesday, Benzinga reports. The firm currently has a $15.00 price target on the stock. HSBC’s price objective would suggest a potential downside of 16.39% from the company’s current price.

Separately, Citigroup reduced their price target on shares of DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research report on Friday, June 7th.

DouYu International Stock Up 42.5 %

DOYU stock traded up $5.35 during midday trading on Wednesday, reaching $17.94. 5,221,466 shares of the company’s stock traded hands, compared to its average volume of 140,193. The company has a market cap of $567.62 million, a price-to-earnings ratio of -47.21 and a beta of 0.94. The firm’s fifty day moving average price is $9.99 and its 200-day moving average price is $8.57. DouYu International has a 52 week low of $6.29 and a 52 week high of $18.33.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.37) EPS for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%. The business had revenue of $144.00 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DOYU. Sequoia Financial Advisors LLC boosted its stake in DouYu International by 191.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 30,464 shares of the company’s stock worth $29,000 after purchasing an additional 20,000 shares during the period. BNP Paribas Financial Markets bought a new position in DouYu International in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. boosted its stake in DouYu International by 26.6% in the 4th quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after purchasing an additional 32,857 shares during the period. Athos Capital Ltd bought a new position in DouYu International in the 4th quarter worth approximately $166,000. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of DouYu International during the 4th quarter valued at approximately $2,006,000. 17.86% of the stock is currently 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.