DouYu International Holdings Limited (NASDAQ:DOYU)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $8.15, but opened at $8.68. DouYu International shares last traded at $8.72, with a volume of 26,245 shares.
A number of research firms recently weighed in on DOYU. Zacks Investment Research raised shares of DouYu International from a “sell” rating to a “hold” rating in a report on Wednesday. 86 Research raised shares of DouYu International from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, April 23rd. Finally, TheStreet lowered shares of DouYu International from a “c-” rating to a “d+” rating in a report on Wednesday, April 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.71.
The company has a fifty day simple moving average of $8.86. The company has a market capitalization of $2.61 billion, a PE ratio of 133.86 and a beta of 0.78.
Hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. bought a new position in shares of DouYu International during the 1st quarter valued at $28,000. Resolute Partners Group boosted its position in DouYu International by 104.2% during the 1st quarter. Resolute Partners Group now owns 13,340 shares of the company’s stock valued at $68,000 after buying an additional 6,806 shares during the period. Shen Neil Nanpeng purchased a new stake in DouYu International during the 4th quarter valued at $75,000. The Manufacturers Life Insurance Company purchased a new stake in DouYu International during the 4th quarter valued at $119,000. Finally, Quantbot Technologies LP purchased a new stake in DouYu International during the 1st quarter valued at $133,000. 30.07% of the stock is currently owned by institutional investors.
DouYu International Company Profile (NASDAQ:DOYU)
DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
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