DouYu International (NASDAQ:DOYU) Stock Rating Upgraded by Citigroup

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

Separately, HSBC upgraded shares of DouYu International from a “reduce” rating to a “hold” rating in a report on Monday.

DouYu International Stock Performance

Shares of DouYu International stock opened at $8.45 on Tuesday. The company has a market cap of $267.32 million, a P/E ratio of -9.60 and a beta of 1.00. DouYu International has a one year low of $6.29 and a one year high of $20.17. The firm has a fifty day moving average of $12.26 and a two-hundred day moving average of $11.04.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($2.18) by $1.87. The company had revenue of $155.65 million during the quarter, compared to the consensus estimate 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

Large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new position in DouYu International in the third quarter valued at approximately $5,968,000. Point72 Asset Management L.P. purchased a new position in DouYu International in the third quarter valued at approximately $1,762,000. State Street Corp raised its holdings in DouYu International by 78.0% in the third quarter. State Street Corp now owns 29,528 shares of the company’s stock valued at $320,000 after buying an additional 12,940 shares during the period. BNP Paribas Financial Markets raised its stake in shares of DouYu International by 61.4% during the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after purchasing an additional 4,800 shares during the period. Finally, FMR LLC raised its stake in shares of DouYu International by 57.7% during the third quarter. FMR LLC now owns 1,859,521 shares of the company’s stock valued at $20,139,000 after purchasing an additional 680,659 shares during the period. 17.86% of the stock is currently owned by hedge funds and other 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.