DouYu International (NASDAQ:DOYU) Lowered to “Sell” at Zacks Investment Research

DouYu International (NASDAQ:DOYUGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, Zacks.com reports.

According to Zacks, “DouYu International Holdings Limited provides a game-centric live streaming platform primarily in China. The company operates its platform on both PC and mobile apps. DouYu International Holdings Limited is headquartered in Wuhan, China. “

Several other brokerages also recently commented on DOYU. Bank of America began coverage on shares of DouYu International in a research note on Monday, December 27th. They issued an “underperform” rating and a $3.30 target price for the company. Citigroup lowered their price objective on shares of DouYu International from $3.60 to $2.40 and set a “neutral” rating for the company in a research report on Thursday, March 17th. Finally, JPMorgan Chase & Co. downgraded shares of DouYu International from a “neutral” rating to an “underweight” rating and set a $1.20 price objective for the company. in a research report on Monday, March 14th. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $2.68.

NASDAQ:DOYU traded down $0.05 during trading hours on Monday, hitting $1.63. The stock had a trading volume of 1,205,681 shares, compared to its average volume of 3,017,557. DouYu International has a one year low of $1.24 and a one year high of $10.69. The stock has a market cap of $528.79 million, a P/E ratio of -6.79 and a beta of 0.94. The firm has a 50 day moving average price of $2.04.

DouYu International (NASDAQ:DOYUGet Rating) last issued its earnings results on Wednesday, March 16th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. DouYu International had a negative net margin of 5.52% and a negative return on equity of 7.65%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts expect that DouYu International will post -0.36 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in DOYU. Counterpoint Mutual Funds LLC acquired a new position in DouYu International during the fourth quarter worth $30,000. US Bancorp DE lifted its stake in DouYu International by 134.2% in the third quarter. US Bancorp DE now owns 9,806 shares of the company’s stock valued at $32,000 after acquiring an additional 5,619 shares during the last quarter. American Century Companies Inc. acquired a new stake in DouYu International in the fourth quarter valued at $47,000. GSA Capital Partners LLP acquired a new stake in DouYu International in the fourth quarter valued at $48,000. Finally, CSS LLC IL acquired a new stake in DouYu International in the third quarter valued at $49,000. Institutional investors and hedge funds own 19.62% of the company’s stock.

DouYu International Company Profile (Get Rating)

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 China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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