Shares of DouYu International Holdings Limited (NASDAQ:DOYU – Get Free Report) shot up 4.6% during mid-day trading on Thursday . The stock traded as high as $18.98 and last traded at $18.98. 41,027 shares traded hands during trading, a decline of 77% from the average session volume of 175,609 shares. The stock had previously closed at $18.14.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on DOYU. Citigroup lowered their target price on shares of DouYu International from $6.00 to $5.50 and set a “sell” rating for the company in a report on Friday, June 7th. HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price target for the company in a research report on Wednesday, July 3rd. Finally, Hsbc Global Res raised shares of DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.
View Our Latest Report on DOYU
DouYu International Price Performance
DouYu International (NASDAQ:DOYU – Get Free Report) last announced 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 for the quarter.
Institutional Investors Weigh In On DouYu International
A number of large investors have recently added to or reduced their stakes in DOYU. Headlands Technologies LLC bought a new stake in DouYu International in the 2nd quarter worth approximately $30,000. BNP Paribas Financial Markets bought a new stake in DouYu International in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. grew its position in DouYu International by 26.6% in the 4th quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after purchasing an additional 32,857 shares during the period. Athos Capital Ltd bought a new stake in DouYu International in the 4th quarter worth approximately $166,000. Finally, Dimensional Fund Advisors LP grew its position in DouYu International by 46.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after purchasing an additional 50,531 shares during the period. Institutional investors own 17.86% of the company’s stock.
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.
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