DouYu International (NASDAQ:DOYU) Releases Quarterly Earnings Results

DouYu International (NASDAQ:DOYU) released its earnings results on Thursday. The company reported ($0.20) earnings per share (EPS) for the quarter, reports. DouYu International had a positive return on equity of 0.62% and a negative net margin of 1.35%. The company had revenue of $142.01 million during the quarter.

DouYu International Stock Performance

NASDAQ DOYU opened at $7.79 on Friday. DouYu International has a one year low of $6.29 and a one year high of $20.17. The company’s 50 day moving average price is $15.90 and its 200 day moving average price is $11.53. The firm has a market capitalization of $246.48 million, a price-to-earnings ratio of -20.50 and a beta of 0.95.

Analysts Set New Price Targets

DOYU has been the topic of several research analyst reports. HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 target price on the stock in a research report on Wednesday, July 3rd. Hsbc Global Res raised shares of DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Citigroup decreased their target price 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in DouYu International in the first quarter valued at approximately $3,750,000. Polunin Capital Partners Ltd purchased a new position in DouYu International in the second quarter valued at approximately $3,526,000. BNP Paribas Financial Markets purchased a new position in DouYu International in the first quarter valued at approximately $34,000. Dimensional Fund Advisors LP raised its holdings in DouYu International by 46.0% in the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock valued at $1,761,000 after buying an additional 50,531 shares during the period. Finally, BRIGHT VALLEY CAPITAL Ltd raised its stake in shares of DouYu International by 42.0% during the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock valued at $4,079,000 after purchasing an additional 109,768 shares during the period. Hedge funds and other 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.