DouYu International (NASDAQ:DOYU) Stock Jumps 1.7% – What’s Next?

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) rose 1.7% during trading on Friday. The company traded as high as $3.68 and last traded at $3.65. Approximately 12,503 shares changed hands during trading, a decline of 63% from the average daily volume of 33,699 shares. The stock had previously closed at $3.59.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DOYU shares. Weiss Ratings reiterated a “sell (d)” rating on shares of DouYu International in a report on Monday, August 31st. Citigroup reduced their price target on shares of DouYu International from $5.20 to $5.00 and set a “neutral” rating for the company in a research report on Monday, August 24th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, DouYu International presently has a consensus rating of “Reduce” and an average target price of $5.00.

DouYu International Stock Performance

The business’s 50 day simple moving average is $4.30 and its 200-day simple moving average is $4.60. The company has a market cap of $110.16 million, a price-to-earnings ratio of -22.81 and a beta of 0.82.

Institutional Trading of DouYu International

A hedge fund recently raised its stake in DouYu International stock. Bank of America Corp DE raised its position in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) by 10.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,669 shares of the company’s stock after purchasing an additional 15,116 shares during the quarter. Bank of America Corp DE owned approximately 0.53% of DouYu International worth $802,000 at the end of the most recent quarter. Institutional investors and hedge funds own 17.86% of the company’s stock.

About DouYu International

DouYu International Holdings Limited operates a game-centric live-streaming and interactive entertainment platform in China under the DouYu brand. The company provides live broadcasts of video game play, esports competitions, and other entertainment content, allowing viewers to interact with streamers and other users.

DouYu’s services include game-related live streaming, esports content, user-generated entertainment, and community features. The platform also offers virtual gifting and other interactive functions, while generating revenue through advertising, live-streaming services, and related entertainment offerings.

The company was founded in 2014 and is headquartered in Wuhan, China.