DouYu International (NASDAQ:DOYU – Get Free Report) was upgraded by analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.
DOYU has been the topic of a number of other reports. Citigroup dropped their price objective on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research note on Friday, June 7th. HSBC raised DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price target on the stock in a research report on Wednesday.
View Our Latest Stock Analysis on DOYU
DouYu International Stock Performance
DouYu International (NASDAQ:DOYU – Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported ($0.37) earnings per share for the quarter. The firm had revenue of $144.00 million during the quarter. DouYu International had a positive return on equity of 0.62% and a negative net margin of 1.35%.
Hedge Funds Weigh In On DouYu International
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in shares of DouYu International during the first quarter valued at approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in DouYu International in the 1st quarter valued at $3,750,000. BRIGHT VALLEY CAPITAL Ltd acquired a new position in shares of DouYu International in the 4th quarter valued at $2,006,000. Russell Investments Group Ltd. lifted its holdings in shares of DouYu International by 26.6% during the 4th quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after acquiring an additional 32,857 shares during the period. Finally, Athos Capital Ltd acquired a new stake in shares of DouYu International during the 4th quarter valued at about $166,000. 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.
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