Russell Investments Group Ltd. Invests $2.43 Million in DouYu International Holdings Limited (NASDAQ:DOYU)

Russell Investments Group Ltd. acquired a new stake in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 216,676 shares of the company's stock, valued at approximately $2,429,000. Russell Investments Group Ltd. owned about 0.68% of DouYu International at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Advisors Preferred LLC bought a new stake in shares of DouYu International during the 4th quarter valued at about $51,000. Headlands Technologies LLC boosted its position in DouYu International by 3,409.1% during the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock valued at $78,000 after acquiring an additional 6,750 shares in the last quarter. State Street Corp grew its holdings in shares of DouYu International by 78.0% during the 3rd quarter. State Street Corp now owns 29,528 shares of the company's stock worth $320,000 after acquiring an additional 12,940 shares during the period. XTX Topco Ltd bought a new position in shares of DouYu International in the 3rd quarter worth approximately $147,000. Finally, Sei Investments Co. purchased a new position in shares of DouYu International in the 4th quarter valued at approximately $195,000. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DOYU shares. Citigroup upgraded DouYu International from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $5.90 to $10.50 in a report on Tuesday, March 18th. HSBC raised shares of DouYu International from a "reduce" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Hsbc Global Res raised shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th.

DouYu International Stock Up 0.0 %

Shares of NASDAQ DOYU traded up $0.00 during trading on Thursday, reaching $6.69. The company had a trading volume of 8,021 shares, compared to its average volume of 231,141. The business's 50-day moving average is $7.89 and its 200 day moving average is $10.51. The stock has a market cap of $211.68 million, a PE ratio of -7.61 and a beta of 0.90. DouYu International Holdings Limited has a 12-month low of $5.68 and a 12-month high of $20.17.

DouYu International (NASDAQ:DOYU - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($2.18) by $1.87. The business had revenue of $155.65 million during the quarter, compared to analyst estimates of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

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.