DouYu International (NASDAQ:DOYU) Issues Quarterly Earnings Results

DouYu International (NASDAQ:DOYU) issued its earnings results on Tuesday. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05), reports. DouYu International had a return on equity of 2.27% and a net margin of 0.61%. The company had revenue of $182.53 million during the quarter.

DouYu International Stock Down 4.4 %

Shares of NASDAQ DOYU traded down $0.31 during midday trading on Thursday, reaching $6.69. 74,257 shares of the company’s stock traded hands, compared to its average volume of 82,074. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 70.08 and a beta of 1.03. The stock’s 50 day simple moving average is $0.76 and its 200-day simple moving average is $0.84. DouYu International has a one year low of $6.50 and a one year high of $12.30.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating on shares of DouYu International in a research note on Thursday, December 7th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its holdings in DouYu International by 34.3% in the fourth quarter. GSA Capital Partners LLP now owns 485,258 shares of the company’s stock worth $461,000 after acquiring an additional 123,872 shares in the last quarter. OLD Mission Capital LLC purchased a new position in shares of DouYu International in the 4th quarter valued at about $99,000. Goldman Sachs Group Inc. raised its stake in shares of DouYu International by 497.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 66,434 shares of the company’s stock worth $70,000 after buying an additional 55,306 shares during the period. State Street Corp raised its position in DouYu International by 54.0% during the second quarter. State Street Corp now owns 2,693,968 shares of the company’s stock worth $2,829,000 after acquiring an additional 944,883 shares during the period. Finally, Sei Investments Co. lifted its stake in DouYu International by 243.0% in the 2nd quarter. Sei Investments Co. now owns 64,373 shares of the company’s stock valued at $68,000 after buying an additional 45,606 shares in the last quarter. 17.86% of the stock is owned by institutional investors.

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.