DouYu International (NASDAQ:DOYU) Rating Increased to Neutral at Citigroup

Citigroup upgraded shares of DouYu International (NASDAQ:DOYU) from a sell rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat reports. The firm currently has $10.50 price target on the stock, up from their prior price target of $5.90.

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

DouYu International Price Performance

Shares of DOYU opened at $8.38 on Tuesday. DouYu International has a one year low of $6.29 and a one year high of $20.17. The company has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $11.06. The firm 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 announced its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.18) by $1.87. The business 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%.

DouYu International Increases Dividend

The business also recently declared a — dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a $9.94 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from DouYu International’s previous — dividend of $9.71.

Institutional Trading of DouYu International

Several hedge funds have recently bought and sold shares of the stock. Athos Capital Ltd lifted its stake in DouYu International by 9.3% in the 3rd quarter. Athos Capital Ltd now owns 19,925 shares of the company’s stock worth $216,000 after purchasing an additional 1,700 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of DouYu International by 8.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock worth $555,000 after buying an additional 3,815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of DouYu International in the 3rd quarter worth about $42,000. Advisors Preferred LLC bought a new stake in shares of DouYu International in the 4th quarter worth about $51,000. Finally, BNP Paribas Financial Markets increased its holdings 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 worth $137,000 after buying an additional 4,800 shares during the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

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.