Hsbc Global Res Upgrades DouYu International (NASDAQ:DOYU) to “Hold”

DouYu International (NASDAQ:DOYU) was upgraded by equities researchers at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday. Citigroup upgraded DouYu International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $5.90 to $10.50 in a research report on Tuesday.

DouYu International Trading Down 10.4 %

NASDAQ DOYU opened at $8.38 on Monday. The company has a market cap of $265.11 million, a PE ratio of -9.52 and a beta of 1.00. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17. The stock has a 50 day moving average of $12.30 and a 200-day moving average of $11.06.

DouYu International (NASDAQ:DOYU) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

Hedge Funds Weigh In On DouYu International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd lifted its stake in shares of DouYu International by 29.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock worth $8,011,000 after acquiring an additional 163,509 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in DouYu International by 8.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock worth $555,000 after purchasing an additional 3,815 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd increased its holdings in DouYu International by 22.6% in the fourth quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after purchasing an additional 290,767 shares in the last quarter. Bank of America Corp DE increased its holdings in DouYu International by 113.5% in the fourth quarter. Bank of America Corp DE now owns 85,743 shares of the company’s stock worth $961,000 after purchasing an additional 45,573 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in DouYu International in the fourth quarter worth approximately $821,000. 17.86% of the stock is owned by institutional investors and hedge funds.

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.