DouYu International (NASDAQ:DOYU) Upgraded at Citigroup

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

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

DouYu International Stock Performance

DouYu International stock opened at $7.97 on Tuesday. DouYu International has a 52 week low of $6.29 and a 52 week high of $20.17. The stock has a market capitalization of $252.14 million, a P/E ratio of -9.06 and a beta of 1.00. The stock has a fifty day moving average of $12.20 and a 200-day moving average of $11.02.

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

DouYu International Increases Dividend

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

Hedge Funds Weigh In On DouYu International

Several large investors have recently bought and sold shares of the company. FMR LLC raised its position in DouYu International by 57.7% in the third quarter. FMR LLC now owns 1,859,521 shares of the company’s stock valued at $20,139,000 after purchasing an additional 680,659 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd raised its position 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 valued at $17,667,000 after purchasing an additional 290,767 shares during the last quarter. Point72 Hong Kong Ltd raised its position in DouYu International by 29.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock valued at $8,011,000 after purchasing an additional 163,509 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of DouYu International during the fourth quarter worth about $2,429,000. Finally, Point72 Asset Management L.P. bought a new position in shares of DouYu International during the third quarter worth about $1,762,000. 17.86% of the stock is currently 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.