DouYu International (NASDAQ:DOYU) Issues Earnings Results

Key Points

• DouYu International reported a quarterly earnings per share (EPS) of $0.12, but faced challenges with a negative return on equity of 4.12% and a negative net margin of 6.85%.
• Institutional investors increased their stakes in DouYu International, with several firms boosting ownership significantly during the second quarter, raising overall institutional ownership to 17.86%.
• Citigroup downgraded DouYu International's target price from $10.50 to $7.00, now rating it as "neutral."

DouYu International (NASDAQ:DOYU - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.20, Zacks reports. DouYu International had a negative return on equity of 3.32% and a negative net margin of 4.73%.The business had revenue of $147.11 million for the quarter, compared to the consensus estimate of $970.58 million.

DouYu International Stock Performance

DOYU traded up $0.15 during trading on Friday, reaching $8.28. The stock had a trading volume of 102,225 shares, compared to its average volume of 149,550. The stock has a market cap of $249.89 million, a PE ratio of -9.10 and a beta of 0.68. DouYu International has a one year low of $5.68 and a one year high of $19.30. The business has a 50-day moving average of $7.51 and a 200-day moving average of $8.02.

Institutional Trading of DouYu International

Several institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its position 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 valued at $606,000 after acquiring an additional 15,128 shares in the last quarter. Sei Investments Co. lifted its stake in shares of DouYu International by 342.9% during the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company's stock valued at $500,000 after buying an additional 59,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in DouYu International by 24.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,199 shares of the company's stock worth $442,000 after purchasing an additional 13,523 shares in the last quarter. Jane Street Group LLC purchased a new stake in DouYu International in the 1st quarter worth $508,000. Finally, BNP Paribas Financial Markets raised its position in shares of DouYu International by 41.5% during the 2nd 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. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on DouYu International from $10.50 to $7.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 27th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.00.

DouYu International Company Profile

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.