Shares of DouYu International Holdings Limited (NASDAQ:DOYU – Get Free Report) 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.
Other equities research analysts have also recently issued reports about the company. HSBC reduced their price target on DouYu International to $10.00 in a research note on Friday, May 19th. Citigroup decreased their target price on shares of DouYu International to $11.00 and set a “sell” rating for the company in a research note on Tuesday, March 21st. Finally, JPMorgan Chase & Co. upgraded DouYu International from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $11.00 to $12.00 in a research note on Friday, April 14th.
Hedge Funds Weigh In On DouYu International
A number of hedge funds have recently bought and sold shares of DOYU. Virtu Financial LLC bought a new position in shares of DouYu International during the 1st quarter valued at $34,000. Sequoia Financial Advisors LLC bought a new position in DouYu International in the first quarter valued at about $39,000. Mercer Global Advisors Inc. ADV purchased a new position in DouYu International in the first quarter worth about $27,000. UBS Asset Management Americas Inc. grew its stake in shares of DouYu International by 147.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 26,370 shares of the company’s stock valued at $32,000 after purchasing an additional 15,700 shares during the period. Finally, Castleview Partners LLC purchased a new stake in shares of DouYu International during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.
DouYu International Trading Up 841.3 %
The company’s 50 day moving average price is $7.60 and its two-hundred day moving average price is $8.40. The stock has a market cap of $2.11 billion, a P/E ratio of 659.66 and a beta of 1.03.
DouYu International (NASDAQ:DOYU – Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). DouYu International had a return on equity of 2.27% and a net margin of 0.61%. The business had revenue of $182.53 million during the quarter. On average, sell-side analysts anticipate that DouYu International Holdings Limited will post -0.02 earnings per share for the current year.
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.