DouYu International (NASDAQ:DOYU) Shares Gap Down on Analyst Downgrade

DouYu International Holdings Limited (NASDAQ:DOYU)’s stock price gapped down prior to trading on Thursday after Jefferies Financial Group lowered their price target on the stock from $27.00 to $21.00. The stock had previously closed at $7.00, but opened at $6.74. DouYu International shares last traded at $6.79, with a volume of 20,751 shares trading hands.

A number of other equities analysts have also recently issued reports on DOYU. JPMorgan Chase & Co. upgraded shares of DouYu International from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $11.00 to $12.00 in a research report on Friday, April 14th. HSBC reduced their target price on shares of DouYu International to $10.00 in a research report on Friday, May 19th. Finally, Citigroup cut their price target on shares of DouYu International to $11.00 and set a “sell” rating on the stock in a report on Tuesday, March 21st.

Hedge Funds Weigh In On DouYu International

Several large investors have recently made changes to their positions in the business. Two Sigma Advisers LP boosted its position in shares of DouYu International by 12.7% during the 3rd quarter. Two Sigma Advisers LP now owns 78,300 shares of the company’s stock valued at $78,000 after purchasing an additional 8,800 shares in the last quarter. Geode Capital Management LLC lifted its stake in DouYu International by 12.8% during the first quarter. Geode Capital Management LLC now owns 89,154 shares of the company’s stock valued at $106,000 after buying an additional 10,088 shares in the last quarter. HRT Financial LP lifted its position in shares of DouYu International by 17.0% in the fourth quarter. HRT Financial LP now owns 81,946 shares of the company’s stock worth $114,000 after purchasing an additional 11,921 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of DouYu International by 7.7% in the first quarter. Principal Financial Group Inc. now owns 204,344 shares of the company’s stock worth $243,000 after purchasing an additional 14,596 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of DouYu International by 147.1% in the second quarter. UBS Asset Management Americas Inc. now owns 26,370 shares of the company’s stock worth $32,000 after purchasing an additional 15,700 shares in the last quarter. Institutional investors own 17.86% of the company’s stock.

DouYu International Stock Down 1.7 %

The business’s 50-day moving average price is $0.76 and its 200-day moving average price is $0.84. The firm has a market capitalization of $2.20 billion, a PE ratio of 70.08 and a beta of 1.03.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Tuesday, March 26th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $182.53 million for the quarter. DouYu International had a net margin of 0.61% and a return on equity of 2.27%. On average, analysts anticipate that DouYu International Holdings Limited will post -0.02 EPS for the current fiscal year.

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.