DouYu International (NASDAQ:DOYU) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of DouYu International (NASDAQ:DOYU) from a sell rating to a neutral rating in a report released on Tuesday, MarketBeat Ratings reports. Citigroup currently has $10.50 price target on the stock, up from their prior price target of $5.90.

Separately, HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating in a research note on Monday.

DouYu International Price Performance

Shares of DOYU opened at $7.97 on Tuesday. DouYu International has a 1 year low of $6.29 and a 1 year high of $20.17. The company has a market capitalization of $252.14 million, a price-to-earnings ratio of -9.06 and a beta of 1.00. The business has a 50-day moving average of $12.20 and a 200-day moving average of $11.02.

DouYu International (NASDAQ:DOYU) last issued its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.18) by $1.87. The business had revenue of $155.65 million during the quarter, compared to the consensus estimate of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

DouYu International Increases Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, February 10th were given a dividend of $9.94 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from DouYu International’s previous — dividend of $9.71.

Hedge Funds Weigh In On DouYu International

A number of institutional investors and hedge funds have recently made changes to their positions in DOYU. FMR LLC boosted its position in shares of DouYu International by 57.7% during the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock worth $20,139,000 after purchasing an additional 680,659 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of DouYu International in the 3rd quarter worth about $5,968,000. BRIGHT VALLEY CAPITAL Ltd raised its holdings in shares of DouYu International by 22.6% in the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after acquiring an additional 290,767 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of DouYu International in the 4th quarter worth about $2,429,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of DouYu International in the 3rd quarter worth about $1,762,000. Institutional investors own 17.86% of the company’s stock.

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.