DouYu International (NASDAQ:DOYU) Releases Earnings Results, Beats Expectations By $0.09 EPS

DouYu International (NASDAQ:DOYU) posted its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.09, Zacks reports. DouYu International had a net margin of 2.11% and a return on equity of 4.60%. The business had revenue of $144.40 million during the quarter, compared to the consensus estimate of $139.32 million.

DouYu International Stock Down 5.3%

DouYu International stock opened at $4.46 on Friday. The business has a 50 day moving average price of $4.64 and a two-hundred day moving average price of $4.91. DouYu International has a 12 month low of $4.28 and a 12 month high of $8.65. The stock has a market cap of $134.60 million, a price-to-earnings ratio of 12.39 and a beta of 0.93.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in DouYu International during the 1st quarter worth $508,000. Sei Investments Co. raised its stake in shares of DouYu International by 342.9% during the second quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock worth $500,000 after buying an additional 59,761 shares during the last quarter. Citadel Advisors LLC acquired a new stake in DouYu International during the 3rd quarter worth $283,000. Dimensional Fund Advisors LP raised its position in shares of DouYu International by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 162,659 shares of the company’s stock valued at $1,106,000 after acquiring an additional 15,589 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of DouYu International by 19.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock valued at $606,000 after purchasing an additional 15,128 shares during the period. 17.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DOYU has been the topic of several research analyst reports. Weiss Ratings raised DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Citigroup started coverage on DouYu International in a research report on Friday, May 29th. They issued a “neutral” rating and a $5.20 price target on the stock. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DouYu International has an average rating of “Reduce” and a consensus target price of $5.20.

DouYu International Company Profile

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.