Citigroup Upgrades DouYu International (NASDAQ:DOYU) to Neutral

DouYu International (NASDAQ:DOYU) was upgraded by stock analysts at Citigroup from a “sell” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat.com reports. The firm currently has a $10.50 price target on the stock, up from their previous price target of $5.90. Citigroup’s price target would indicate a potential upside of 24.26% from the stock’s previous close.

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

DouYu International Trading Up 0.8 %

Shares of DouYu International stock opened at $8.45 on Tuesday. The firm’s 50 day simple moving average is $12.26 and its two-hundred day simple moving average is $11.04. DouYu International has a 12-month low of $6.29 and a 12-month high of $20.17. The firm has a market capitalization of $267.32 million, a price-to-earnings ratio of -9.60 and a beta of 1.00.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOYU. FMR LLC boosted its holdings in shares of DouYu International by 57.7% in the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock valued at $20,139,000 after buying an additional 680,659 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of DouYu International in the 3rd quarter valued at $5,968,000. BRIGHT VALLEY CAPITAL Ltd boosted its holdings in shares of DouYu International by 22.6% in the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock valued at $17,667,000 after buying an additional 290,767 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of DouYu International in the 4th quarter valued at $2,429,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of DouYu International in the 3rd quarter valued at $1,762,000. Institutional investors and hedge funds 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.