DouYu International (NASDAQ:DOYU) Shares Down 1.3% – Here’s Why

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) fell 1.3% during trading on Monday . The company traded as low as $4.50 and last traded at $4.65. Approximately 19,628 shares traded hands during trading, a decline of 40% from the average daily volume of 32,483 shares. The stock had previously closed at $4.71.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Citigroup started coverage on shares of DouYu International in a report on Friday, May 29th. They set a “neutral” rating and a $5.20 price objective for the company. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $5.20.

DouYu International Stock Down 1.3%

The firm has a 50 day moving average of $4.86 and a 200 day moving average of $5.57. The firm has a market cap of $140.34 million, a PE ratio of 12.92 and a beta of 0.86.

DouYu International (NASDAQ:DOYU) last released its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $119.20 million during the quarter, compared to the consensus estimate of $127.06 million. DouYu International had a return on equity of 4.60% and a net margin of 2.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in DouYu International by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after acquiring an additional 5,144 shares during the last quarter. Jane Street Group LLC purchased a new stake in DouYu International during the first quarter valued at about $508,000. Arrowstreet Capital Limited Partnership lifted its holdings in DouYu International by 19.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock valued at $606,000 after purchasing an additional 15,128 shares during the last quarter. Sei Investments Co. boosted its position in DouYu International by 342.9% during the second quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock worth $500,000 after purchasing an additional 59,761 shares during the period. Finally, BNP Paribas Financial Markets boosted 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 purchasing an additional 3,749 shares during the period. Institutional investors own 17.86% of the company’s stock.

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.