DouYu International (NASDAQ:DOYU) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

DouYu International (NASDAQ:DOYU) issued its earnings results on Tuesday. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05), reports. The business had revenue of $182.53 million during the quarter. DouYu International had a return on equity of 2.27% and a net margin of 0.61%.

DouYu International Price Performance

NASDAQ DOYU opened at $0.70 on Thursday. DouYu International has a fifty-two week low of $0.65 and a fifty-two week high of $1.23. The stock’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.84. The firm has a market cap of $223.88 million, a P/E ratio of 70.08 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DOYU. Jefferies Financial Group reaffirmed a “hold” rating on shares of DouYu International in a research report on Thursday, December 7th. Citigroup cut their price objective on DouYu International from $7.00 to $6.00 and set a “sell” rating for the company in a report on Thursday.

Hedge Funds Weigh In On DouYu International

Several institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its stake in shares of DouYu International by 34.3% in the fourth quarter. GSA Capital Partners LLP now owns 485,258 shares of the company’s stock worth $461,000 after purchasing an additional 123,872 shares during the period. OLD Mission Capital LLC acquired a new stake in DouYu International during the fourth quarter worth about $99,000. Goldman Sachs Group Inc. grew its position in DouYu International by 497.0% during the second quarter. Goldman Sachs Group Inc. now owns 66,434 shares of the company’s stock worth $70,000 after buying an additional 55,306 shares in the last quarter. State Street Corp grew its position in DouYu International by 54.0% during the second quarter. State Street Corp now owns 2,693,968 shares of the company’s stock worth $2,829,000 after buying an additional 944,883 shares in the last quarter. Finally, Sei Investments Co. grew its position in DouYu International by 243.0% during the second quarter. Sei Investments Co. now owns 64,373 shares of the company’s stock worth $68,000 after buying an additional 45,606 shares in the last quarter. 17.86% of the stock is currently owned by institutional investors.

DouYu International Company Profile

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.