DouYu International (NASDAQ:DOYU) Lifted to Hold at Hsbc Global Res

Hsbc Global Res upgraded shares of DouYu International (NASDAQ:DOYU) from a moderate sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

Other equities analysts have also recently issued reports about the company. HSBC upgraded 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. Citigroup reduced their target price 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 Stock Performance

Shares of DouYu International stock opened at $17.61 on Wednesday. DouYu International has a 52-week low of $6.29 and a 52-week high of $18.33. The stock’s 50-day simple moving average is $10.55 and its 200 day simple moving average is $8.77.

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

Institutional Investors Weigh In On DouYu International

Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its position in shares of DouYu International by 191.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 30,464 shares of the company’s stock valued at $29,000 after acquiring an additional 20,000 shares during the last quarter. Federated Hermes Inc. grew its stake in DouYu International by 125.5% in the 4th quarter. Federated Hermes Inc. now owns 2,185,820 shares of the company’s stock worth $2,077,000 after buying an additional 1,216,284 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of 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 buying an additional 32,857 shares during the last quarter. Athos Capital Ltd bought a new stake in shares of DouYu International during the 4th quarter worth $166,000. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new position in DouYu International in the fourth quarter valued at $2,006,000. Institutional investors own 17.86% of the company’s stock.

About DouYu International

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.