DouYu International (NASDAQ:DOYU) Given “Neutral” Rating at Citigroup

DouYu International (NASDAQ:DOYU)‘s stock had its “neutral” rating reiterated by Citigroup in a research note issued to investors on Friday, MarketBeat reports. They presently have a $5.20 price objective on the stock. Citigroup’s price target indicates a potential upside of 0.97% from the company’s current price.

Separately, Weiss Ratings downgraded DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.20.

DouYu International Stock Up 3.0%

NASDAQ:DOYU traded up $0.15 on Friday, reaching $5.15. 1,292 shares of the company’s stock traded hands, compared to its average volume of 34,556. The stock has a 50-day simple moving average of $4.83 and a 200-day simple moving average of $5.81. DouYu International has a 12 month low of $4.28 and a 12 month high of $9.34. The firm has a market cap of $155.43 million, a PE ratio of -39.07 and a beta of 0.85.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. DouYu International had a positive return on equity of 2.04% and a negative net margin of 0.73%.The firm had revenue of $119.20 million during the quarter, compared to analyst estimates of $127.06 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DOYU. New York State Common Retirement Fund purchased a new position in shares of DouYu International during the fourth quarter valued at about $28,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of DouYu International in the third quarter worth about $43,000. BNP Paribas Financial Markets boosted its stake in DouYu International by 41.5% during the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after buying an additional 3,749 shares during the last quarter. Athos Capital Ltd boosted its stake in DouYu International by 8.2% during the third quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock valued at $162,000 after buying an additional 1,638 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in DouYu International during the 3rd quarter valued at approximately $283,000. Institutional investors own 17.86% of the company’s stock.

About DouYu International

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.