DouYu International (NASDAQ:DOYU) Announces Earnings Results

DouYu International (NASDAQ:DOYU - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.15, Zacks reports. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The firm had revenue of $130.54 million during the quarter, compared to analyst estimates of $997.20 million.Get DouYu International alerts:DouYu International Stock Down 0.8%NASDAQ DOYU traded down $0.05 during trading hours on Wednesday, reaching $6.84. 7,809 shares of the company were exchanged, compared to its average volume of 227,462. The stock has a market capitalization of $206.30 million, a P/E ratio of -7.77 and a beta of 0.83. DouYu International has a 1 year low of $5.68 and a 1 year high of $20.17. The business's 50 day simple moving average is $7.14 and its 200-day simple moving average is $10.19. Analysts Set New Price TargetsDOYU has been the topic of several analyst reports. Citigroup upgraded shares of DouYu International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $5.90 to $10.50 in a report on Tuesday, March 18th. Hsbc Global Res upgraded DouYu International from a "moderate sell" rating to a "hold" rating in a research note on Monday, March 17th. Finally, HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th.Check Out Our Latest Stock Report on DouYu InternationalInstitutional Inflows and OutflowsA hedge fund recently bought a new stake in DouYu International stock. Jane Street Group LLC acquired a new stake in DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,962 shares of the company's stock, valued at approximately $508,000. Jane Street Group LLC owned 0.23% of DouYu International as of its most recent filing with the SEC. 17.86% of the stock is owned by institutional investors. About DouYu International (Get Free Report)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.Featured ArticlesFive stocks we like better than DouYu InternationalInvesting In Automotive StocksLowe’s Stock Uptrend Can Continue for These 2 ReasonsHow to Buy Cheap Stocks Step by StepCrowdStrike Near Breakout: Is Now the Time to Buy?Overbought Stocks Explained: Should You Trade Them?Rivian Stock Below $20: Charging Up or in the Breakdown Lane?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in DouYu International Right Now?Before you consider DouYu International, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DouYu International wasn't on the list.While DouYu International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here