DouYu International (NASDAQ:DOYU) Upgraded at Hsbc Global Res

DouYu International (NASDAQ:DOYU) was upgraded by Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. HSBC upgraded shares of DouYu International from a “reduce” rating to a “hold” rating in a research note on Monday. Citigroup upgraded shares of DouYu International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $5.90 to $10.50 in a research note on Tuesday.

DouYu International Stock Performance

DOYU stock opened at $8.38 on Monday. The company’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $11.06. DouYu International has a 52 week low of $6.29 and a 52 week high of $20.17. The company has a market capitalization of $265.11 million, a PE ratio of -9.52 and a beta of 1.00.

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

Institutional Investors Weigh In On DouYu International

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of DouYu International in the 3rd quarter valued at approximately $42,000. Advisors Preferred LLC acquired a new stake in shares of DouYu International in the 4th quarter valued at approximately $51,000. Headlands Technologies LLC boosted its stake in shares of DouYu International by 3,409.1% in the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock valued at $78,000 after purchasing an additional 6,750 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of DouYu International in the 4th quarter valued at approximately $114,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of DouYu International by 61.4% in the 3rd 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 in the last quarter. 17.86% of the stock is currently owned by institutional investors and hedge funds.

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.