DouYu International (NASDAQ:DOYU) Releases Earnings Results, Beats Estimates By $0.15 EPS

DouYu International (NASDAQ:DOYU) posted its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.15, FiscalAI reports. The company had revenue of $144.40 million during the quarter, compared to the consensus estimate of $139.32 million. DouYu International had a net margin of 2.11% and a return on equity of 4.60%.

DouYu International Price Performance

DouYu International stock opened at $4.71 on Thursday. The stock’s 50-day moving average is $4.65 and its 200-day moving average is $4.92. The company has a market cap of $142.15 million, a price-to-earnings ratio of 13.08 and a beta of 0.93. DouYu International has a 12 month low of $4.28 and a 12 month high of $8.65.

Analyst Upgrades and Downgrades

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

Institutional Trading of DouYu International

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in DouYu International by 2.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock worth $526,000 after purchasing an additional 1,801 shares in the last quarter. BNP Paribas Financial Markets lifted 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 valued at $83,000 after buying an additional 3,749 shares in the last quarter. New York State Common Retirement Fund acquired a new position in DouYu International during the fourth quarter valued at approximately $28,000. Bank of America Corp DE grew its stake in DouYu International by 9.7% during the third quarter. Bank of America Corp DE now owns 140,241 shares of the company’s stock worth $1,055,000 after buying an additional 12,453 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of DouYu International by 19.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock worth $606,000 after acquiring an additional 15,128 shares in the last quarter. Hedge funds and other 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.