Schonfeld Strategic Advisors LLC Makes New $821,000 Investment in DouYu International Holdings Limited (NASDAQ:DOYU)

Schonfeld Strategic Advisors LLC purchased a new stake in DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 73,200 shares of the company's stock, valued at approximately $821,000. Schonfeld Strategic Advisors LLC owned approximately 0.23% of DouYu International as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Advisors Preferred LLC purchased a new stake in DouYu International in the fourth quarter valued at $51,000. Headlands Technologies LLC boosted its position in shares of DouYu International by 3,409.1% in the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock valued at $78,000 after purchasing an additional 6,750 shares during the period. Jump Financial LLC acquired a new position in DouYu International during the fourth quarter worth approximately $114,000. Sei Investments Co. acquired a new stake in shares of DouYu International in the fourth quarter valued at approximately $195,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of DouYu International in the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 17.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DOYU. Hsbc Global Res upgraded shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. Citigroup upgraded shares of DouYu International from a "sell" rating to a "neutral" rating and increased their price target for the company from $5.90 to $10.50 in a report on Tuesday, March 18th. Finally, HSBC upgraded DouYu International from a "reduce" rating to a "hold" rating in a report on Monday, March 17th.

DouYu International Price Performance

DOYU traded down $0.08 during midday trading on Wednesday, reaching $7.01. 33,550 shares of the company's stock were exchanged, compared to its average volume of 229,399. The business's 50-day moving average price is $7.23 and its 200 day moving average price is $10.33. The stock has a market capitalization of $211.55 million, a PE ratio of -7.97 and a beta of 0.83. DouYu International Holdings Limited has a 1-year low of $5.68 and a 1-year high of $20.17.

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

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.