DouYu International (NASDAQ:DOYU) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

DouYu International (NASDAQ:DOYU) released its earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06, FiscalAI reports. DouYu International had a positive return on equity of 2.04% and a negative net margin of 0.73%.The business had revenue of $119.20 million for the quarter, compared to analyst estimates of $127.06 million.

DouYu International Price Performance

Shares of NASDAQ:DOYU opened at $5.00 on Thursday. The company has a market capitalization of $150.90 million, a P/E ratio of -38.46 and a beta of 0.85. DouYu International has a 1 year low of $4.28 and a 1 year high of $9.34. The business’s 50 day simple moving average is $4.83 and its 200 day simple moving average is $5.83.

Institutional Investors Weigh In On DouYu International

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new stake in DouYu International during the fourth quarter worth approximately $28,000. BNP Paribas Financial Markets grew its position in DouYu International by 41.5% during the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after buying an additional 3,749 shares in the last quarter. Citadel Advisors LLC bought a new stake in DouYu International during the third quarter worth $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in DouYu International by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after purchasing an additional 5,144 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in DouYu International during the first quarter worth $508,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

DouYu International Company Profile

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.