DouYu International (NASDAQ:DOYU) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a report issued on Tuesday, Zacks.com reports.
According to Zacks, "DouYu International Holdings Limited provides a game-centric live streaming platform primarily in China. The company operates its platform on both PC and mobile apps. DouYu International Holdings Limited is headquartered in Wuhan, China. "
Separately, Citigroup started coverage on DouYu International in a research report on Wednesday, August 18th. They set a "buy" rating for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.03.
Shares of DouYu International stock traded down $0.17 on Tuesday, reaching $3.19. 3,832,146 shares of the company were exchanged, compared to its average volume of 4,162,756. DouYu International has a 1-year low of $2.89 and a 1-year high of $20.54. The company has a market cap of $1.03 billion, a P/E ratio of -21.27 and a beta of 0.76. The stock's 50 day moving average price is $3.74 and its 200-day moving average price is $6.90.
DouYu International (NASDAQ:DOYU) last released its quarterly earnings results on Sunday, August 15th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.34) by ($0.01). DouYu International had a negative return on equity of 4.69% and a negative net margin of 3.53%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter last year, the company earned $1.07 EPS. DouYu International's revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts expect that DouYu International will post -0.25 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of DouYu International by 3.2% during the 1st quarter. Victory Capital Management Inc. now owns 46,250 shares of the company's stock valued at $481,000 after buying an additional 1,415 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in DouYu International by 0.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 369,497 shares of the company's stock valued at $3,846,000 after acquiring an additional 1,841 shares during the period. Rockefeller Capital Management L.P. purchased a new position in DouYu International during the 1st quarter valued at about $28,000. Royal Bank of Canada raised its holdings in DouYu International by 11.4% in the first quarter. Royal Bank of Canada now owns 44,802 shares of the company's stock worth $467,000 after buying an additional 4,567 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in DouYu International by 48.1% in the first quarter. The Manufacturers Life Insurance Company now owns 16,000 shares of the company's stock worth $167,000 after buying an additional 5,200 shares during the last quarter. Institutional investors own 28.74% of the company's stock.
About DouYu International
DouYu International Holdings Ltd. develops and operates game-centric live streaming platform in China, both on personal computer and mobile apps. The company was founded by Shaojie Chen and Wenming Zhang on April 3, 2014 and is headquartered in Wuhan, China.
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