DouYu International (NASDAQ:DOYU) Issues Quarterly Earnings Results

DouYu International (NASDAQ:DOYU) released its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06, FiscalAI reports. DouYu International had a positive return on equity of 2.04% and a negative net margin of 0.73%.The firm had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $127.06 million.

DouYu International Trading Down 0.8%

Shares of DouYu International stock opened at $5.00 on Thursday. The business has a 50-day moving average price of $4.83 and a two-hundred day moving average price of $5.83. DouYu International has a 1-year low of $4.28 and a 1-year high of $9.34. The company has a market cap of $150.90 million, a P/E ratio of -38.46 and a beta of 0.85.

Institutional Trading of DouYu International

Several large investors have recently made changes to their positions in DOYU. New York State Common Retirement Fund acquired a new stake in shares of DouYu International in the 4th quarter valued at about $28,000. BNP Paribas Financial Markets grew its stake in shares of DouYu International by 41.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after buying an additional 3,749 shares during the period. Citadel Advisors LLC acquired a new position in DouYu International during the 3rd quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in DouYu International by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock valued at $408,000 after purchasing an additional 5,144 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in DouYu International by 342.9% during the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock valued at $500,000 after purchasing an additional 59,761 shares during the last quarter. 17.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, DouYu International has an average rating of “Sell”.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.