HSBC Upgrades DouYu International (NASDAQ:DOYU) to Hold

DouYu International (NASDAQ:DOYU) was upgraded by HSBC from a “reduce” rating to a “hold” rating in a report issued on Wednesday, Benzinga reports. The brokerage presently has a $15.00 target price on the stock. HSBC’s target price would indicate a potential downside of 16.39% from the stock’s current price.

Separately, Citigroup lowered their price target on DouYu International from $6.00 to $5.50 and set a “sell” rating for the company in a report on Friday, June 7th.

DouYu International Trading Up 42.5 %

Shares of NASDAQ DOYU opened at $17.94 on Wednesday. DouYu International has a twelve month low of $6.29 and a twelve month high of $18.33. The company has a market capitalization of $567.62 million, a price-to-earnings ratio of -47.21 and a beta of 0.94. The business has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $8.70.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings results on Wednesday, June 5th. The company reported ($0.37) earnings per share for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%. The firm had revenue of $144.00 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DOYU. Sequoia Financial Advisors LLC boosted its position in DouYu International by 191.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,464 shares of the company’s stock worth $29,000 after acquiring an additional 20,000 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of DouYu International in the first quarter valued at $34,000. Russell Investments Group Ltd. lifted its holdings in shares of DouYu International by 26.6% in the fourth quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock valued at $140,000 after buying an additional 32,857 shares during the period. Athos Capital Ltd acquired a new stake in shares of DouYu International in the fourth quarter valued at $166,000. Finally, BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of DouYu International in the fourth quarter valued at $2,006,000. 17.86% of the stock is currently owned by institutional investors.

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.