Cubist Systematic Strategies LLC Makes New Investment in DouYu International Holdings Limited Sponsored ADR $DOYU

Key Points

• Cubist Systematic Strategies LLC has purchased a new stake in DouYu International Holdings Limited by acquiring 44,361 shares valued at approximately $331,000.
• Analysts from Citigroup have decreased their target price for DouYu International from $10.50 to $7.00, maintaining a "neutral" rating for the stock.
• DouYu International reported a quarterly EPS of $0.12, exceeding analysts' estimates, despite a significant revenue mismatch, with actual figures at $147.11 million compared to $970.58 million expected.

Cubist Systematic Strategies LLC bought a new stake in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,361 shares of the company's stock, valued at approximately $331,000. Cubist Systematic Strategies LLC owned 0.15% of DouYu International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in DouYu International by 113.5% in the 4th quarter. Bank of America Corp DE now owns 85,743 shares of the company's stock valued at $961,000 after purchasing an additional 45,573 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in DouYu International by 8.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company's stock valued at $555,000 after purchasing an additional 3,815 shares during the period. Point72 Hong Kong Ltd boosted its stake in shares of DouYu International by 29.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company's stock valued at $8,011,000 after buying an additional 163,509 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 buying an additional 1,426 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of DouYu International by 120.2% in the first quarter. XTX Topco Ltd now owns 23,024 shares of the company's stock valued at $172,000 after buying an additional 12,568 shares during the period. Institutional investors own 17.86% of the company's stock.

Wall Street Analysts Forecast Growth

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

DouYu International Trading Up 0.8%

NASDAQ:DOYU traded up $0.06 on Wednesday, hitting $7.79. The company had a trading volume of 60,461 shares, compared to its average volume of 78,568. DouYu International Holdings Limited Sponsored ADR has a 52 week low of $5.68 and a 52 week high of $16.99. The stock has a market capitalization of $235.10 million, a price-to-earnings ratio of -8.56 and a beta of 0.57. The firm has a 50 day moving average of $7.96 and a two-hundred day moving average of $7.34.

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

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.