DouYu International (NASDAQ:DOYU) Announces Earnings Results, Beats Expectations By $0.13 EPS

DouYu International (NASDAQ:DOYU) posted its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13, FiscalAI reports. DouYu International had a negative net margin of 4.74% and a negative return on equity of 1.57%. The company had revenue of $131.32 million during the quarter, compared to analyst estimates of $122.78 million.

DouYu International Price Performance

DouYu International stock opened at $4.53 on Wednesday. The stock has a market cap of $136.72 million, a price-to-earnings ratio of -5.15 and a beta of 0.80. The firm has a 50-day moving average of $5.66 and a two-hundred day moving average of $6.59. DouYu International has a 1 year low of $4.28 and a 1 year high of $9.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of DouYu International in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $7.00.

Institutional Investors Weigh In On DouYu International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund bought a new position in shares of DouYu International during the 4th quarter worth $28,000. BNP Paribas Financial Markets lifted its stake in DouYu International by 41.5% in the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after acquiring an additional 3,749 shares during the period. Citadel Advisors LLC bought a new position in DouYu International during the 3rd quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in DouYu International by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after acquiring an additional 5,144 shares in the last quarter. Finally, Sei Investments Co. increased its position in DouYu International by 342.9% during the 2nd quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock valued at $500,000 after purchasing an additional 59,761 shares during the period. 17.86% of the stock is owned by institutional investors.

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.