Weiss Ratings Reaffirms Sell (D-) Rating for DouYu International (NASDAQ:DOYU)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for DouYu International, indicating ongoing concerns about the company's financial performance.
• DouYu International reported a $0.12 EPS for the last quarter, exceeding analysts' expectations, but fell short on revenue, reporting only $147.11 million against a forecast of $970.58 million.
• Institutional investors have increased their stakes in DouYu International, with notable increases from firms like Acadian Asset Management and Sei Investments Co., reflecting a growing interest despite the company's challenges.

DouYu International (NASDAQ:DOYU - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

DouYu International Stock Performance

NASDAQ DOYU traded up $0.11 on Wednesday, hitting $7.40. The stock had a trading volume of 83,466 shares, compared to its average volume of 68,580. DouYu International has a 52-week low of $5.68 and a 52-week high of $16.99. The company has a market capitalization of $223.33 million, a price-to-earnings ratio of -8.13 and a beta of 0.49. The firm has a 50-day moving average of $7.74 and a 200-day moving average of $7.30.

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

Institutional Investors Weigh In On DouYu International

A number of large investors have recently added to or reduced their stakes in the company. BRIGHT VALLEY CAPITAL Ltd grew its holdings in DouYu International by 0.8% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,107,389 shares of the company's stock worth $7,176,000 after acquiring an additional 8,901 shares during the last quarter. Acadian Asset Management LLC grew its holdings in DouYu International by 28.2% in the 2nd quarter. Acadian Asset Management LLC now owns 507,513 shares of the company's stock worth $3,278,000 after acquiring an additional 111,545 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in DouYu International by 19.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company's stock worth $606,000 after acquiring an additional 15,128 shares during the last quarter. Sei Investments Co. grew its holdings in DouYu International by 342.9% in the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company's stock worth $500,000 after acquiring an additional 59,761 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 acquiring an additional 13,523 shares during the last quarter. Institutional investors own 17.86% of the company's stock.

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.

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