DouYu International (NASDAQ:DOYU) Announces Earnings Results, Misses Expectations By $0.05 EPS

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

DouYu International Trading Down 2.1 %

Shares of DOYU opened at $0.70 on Thursday. The company’s fifty day simple moving average is $0.76 and its 200-day simple moving average is $0.84. The company has a market cap of $223.88 million, a P/E ratio of 70.08 and a beta of 1.03. DouYu International has a twelve month low of $0.65 and a twelve month high of $1.23.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DOYU shares. Citigroup decreased their price target on shares of DouYu International from $7.00 to $6.00 and set a “sell” rating on the stock in a research note on Thursday. Jefferies Financial Group reissued a “hold” rating on shares of DouYu International in a research note on Thursday, December 7th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of DouYu International in the first quarter worth about $34,000. Sequoia Financial Advisors LLC bought a new position in DouYu International during the 1st quarter worth about $39,000. Mercer Global Advisors Inc. ADV bought a new position in DouYu International during the 1st quarter worth about $27,000. UBS Asset Management Americas Inc. grew its holdings in DouYu International by 147.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 26,370 shares of the company’s stock worth $32,000 after acquiring an additional 15,700 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in DouYu International by 205.1% during the 2nd quarter. Northern Trust Corp now owns 43,309 shares of the company’s stock worth $52,000 after acquiring an additional 29,113 shares in the last quarter. 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.