DouYu International (NASDAQ:DOYU) Posts Earnings Results

DouYu International (NASDAQ:DOYU) announced its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06, FiscalAI reports. The business had revenue of $119.20 million during the quarter, compared to the consensus estimate of $127.06 million. DouYu International had a negative net margin of 0.73% and a positive return on equity of 2.04%.

DouYu International Stock Up 2.4%

Shares of DOYU opened at $5.12 on Friday. The company has a market capitalization of $154.52 million, a P/E ratio of -39.38 and a beta of 0.85. The firm has a 50 day moving average of $4.83 and a 200 day moving average of $5.81. DouYu International has a twelve month low of $4.28 and a twelve month high of $9.34.

Institutional Investors Weigh In On DouYu International

A number of large investors have recently added to or reduced their stakes in DOYU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in DouYu International by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after purchasing an additional 5,144 shares during the period. Jane Street Group LLC bought a new stake in DouYu International in the 1st quarter worth approximately $508,000. Arrowstreet Capital Limited Partnership grew its position 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 purchasing an additional 15,128 shares during the period. Sei Investments Co. grew its position 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 purchasing an additional 59,761 shares during the period. Finally, BNP Paribas Financial Markets grew its position in DouYu International by 41.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after purchasing an additional 3,749 shares during the period. Institutional investors own 17.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

DouYu International Company Profile

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.