Citigroup Issues Pessimistic Forecast for DouYu International (NASDAQ:DOYU) Stock Price

Key Points

• Citigroup lowered DouYu International’s price target from $5.20 to $5.00 while maintaining a “neutral” rating, implying roughly 17.1% upside from the stock’s $4.27 price.
• Analyst sentiment remains cautious: DouYu has a consensus “Reduce” rating and a $5.00 average target, with one analyst rating it Hold and another rating it Sell.
• DouYu beat quarterly earnings expectations with $0.15 per share versus $0.09 expected, but revenue of $119.2 million fell short of estimates and the stock remains near its 52-week low.

DouYu International (NASDAQ:DOYU - Get Free Report) had its price objective lowered by stock analysts at Citigroup from $5.20 to $5.00 in a report released on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target suggests a potential upside of 17.10% from the stock's current price.

Separately, Weiss Ratings upgraded 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, DouYu International has a consensus rating of "Reduce" and an average target price of $5.00.

DouYu International Price Performance

NASDAQ DOYU traded down $0.09 on Monday, hitting $4.27. 70,623 shares of the stock were exchanged, compared to its average volume of 30,741. The business's fifty day moving average is $4.62 and its 200 day moving average is $4.89. DouYu International has a 52 week low of $4.20 and a 52 week high of $8.65. The company has a market capitalization of $128.86 million, a PE ratio of -26.69 and a beta of 0.93.

DouYu International (NASDAQ:DOYU - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. DouYu International had a negative net margin of 0.94% and a positive return on equity of 2.66%. The company had revenue of $119.20 million for the quarter, compared to analyst estimates of $127.06 million.

Hedge Funds Weigh In On DouYu International

Several large investors have recently modified their holdings of DOYU. Bank of America Corp DE grew its stake in DouYu International by 9.7% in the 3rd quarter. Bank of America Corp DE now owns 140,241 shares of the company's stock valued at $1,055,000 after buying an additional 12,453 shares during the last quarter. Sei Investments Co. lifted its position in DouYu International by 20.8% during the third quarter. Sei Investments Co. now owns 93,265 shares of the company's stock worth $701,000 after acquiring an additional 16,077 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DouYu International by 24.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,199 shares of the company's stock worth $442,000 after acquiring an additional 13,523 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of DouYu International by 19.3% during 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 during the period. Finally, Jane Street Group LLC bought a new stake in shares of DouYu International during the first quarter worth approximately $508,000. 17.86% of the stock is owned by institutional investors.

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.

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