DouYu International (NASDAQ:DOYU) Raised to “Neutral” at Citigroup

DouYu International (NASDAQ:DOYU) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm presently has a $10.50 target price on the stock. Citigroup’s target price would indicate a potential upside of 12.30% from the company’s previous close.

Separately, HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday.

DouYu International Stock Performance

Shares of DOYU opened at $9.35 on Tuesday. DouYu International has a fifty-two week low of $6.29 and a fifty-two week high of $20.17. The stock has a fifty day moving average of $12.35 and a two-hundred day moving average of $11.13. The company has a market capitalization of $295.80 million, a PE ratio of -10.63 and a beta of 1.00.

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

Hedge Funds Weigh In On DouYu International

A number of large investors have recently modified their holdings of DOYU. Point72 Asia Singapore Pte. Ltd. purchased a new position in DouYu International in the third quarter valued at approximately $42,000. Advisors Preferred LLC acquired a new stake in shares of DouYu International in the fourth quarter worth $51,000. Headlands Technologies LLC raised its stake 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 acquiring an additional 6,750 shares during the period. Jump Financial LLC acquired a new position in shares of DouYu International during the 4th quarter valued at $114,000. Finally, BNP Paribas Financial Markets boosted its position in DouYu International by 61.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after purchasing an additional 4,800 shares during the period. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

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.