DouYu International (NASDAQ:DOYU) Given Sell (D-) Rating at Weiss Ratings

Key Points

• DouYu International's stock has been given a sell (D-) rating by Weiss Ratings, indicating a negative outlook for investors.
• The company reported earnings of $0.12 per share, surpassing analysts' expectations, despite having a negative net margin of 4.73% and a significant revenue shortfall against estimates.
• Institutional investors have been active, with notable increases in holdings from firms like Zurcher Kantonalbank and XTX Topco Ltd, reflecting ongoing interest in DouYu's shares.

DouYu International (NASDAQ:DOYU - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

DouYu International Stock Performance

DOYU stock opened at $7.14 on Friday. The firm has a fifty day moving average price of $7.58 and a 200 day moving average price of $7.27. DouYu International has a fifty-two week low of $5.68 and a fifty-two week high of $16.99. The firm has a market cap of $215.49 million, a PE ratio of -7.85 and a beta of 0.49.

DouYu International (NASDAQ:DOYU - Get Free Report) last posted its earnings results on Monday, August 18th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. DouYu International had a negative net margin of 4.73% and a negative return on equity of 3.32%. The firm had revenue of $147.11 million during the quarter, compared to analyst estimates of $970.58 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DOYU. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of DouYu International by 15.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,439 shares of the company's stock valued at $78,000 after purchasing an additional 1,426 shares in the last quarter. XTX Topco Ltd boosted its stake in DouYu International by 120.2% during the first quarter. XTX Topco Ltd now owns 23,024 shares of the company's stock worth $172,000 after buying an additional 12,568 shares during the period. Headlands Technologies LLC boosted its stake in DouYu International by 59.2% during the first quarter. Headlands Technologies LLC now owns 11,059 shares of the company's stock worth $83,000 after buying an additional 4,111 shares during the period. Virtu Financial LLC purchased a new position in DouYu International during the first quarter worth $76,000. Finally, Cubist Systematic Strategies LLC purchased a new position in DouYu International during the first quarter worth $331,000. 17.86% of the stock is owned by hedge funds and other institutional investors.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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