DouYu International (NASDAQ:DOYU) Upgraded at Zacks Investment Research

DouYu International (NASDAQ:DOYU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, 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. “

Other equities analysts also recently issued reports about the company. 86 Research raised DouYu International from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, April 23rd. TheStreet downgraded DouYu International from a “c-” rating to a “d+” rating in a report on Wednesday, April 21st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. DouYu International presently has a consensus rating of “Hold” and an average target price of $14.71.

Shares of DOYU opened at $8.03 on Wednesday. The company has a 50 day simple moving average of $8.86. The firm has a market capitalization of $2.61 billion, a P/E ratio of 133.86 and a beta of 0.78. DouYu International has a 52-week low of $7.08 and a 52-week high of $20.54.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Monday, May 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.19 billion. DouYu International had a net margin of 1.46% and a return on equity of 1.91%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. On average, equities analysts forecast that DouYu International will post -0.21 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of DOYU. Rockefeller Capital Management L.P. acquired a new stake in shares of DouYu International in the first quarter valued at approximately $28,000. Resolute Partners Group boosted its holdings in shares of DouYu International by 104.2% in the first quarter. Resolute Partners Group now owns 13,340 shares of the company’s stock valued at $68,000 after acquiring an additional 6,806 shares during the period. Shen Neil Nanpeng acquired a new stake in shares of DouYu International in the fourth quarter valued at approximately $75,000. The Manufacturers Life Insurance Company acquired a new stake in shares of DouYu International in the fourth quarter valued at approximately $119,000. Finally, Quantbot Technologies LP acquired a new stake in shares of DouYu International in the first quarter valued at approximately $133,000. 30.07% of the stock is owned by institutional investors and hedge funds.

About DouYu International

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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