DouYu International Holdings Limited (NASDAQ:DOYU) gapped down prior to trading on Wednesday . The stock had previously closed at $7.35, but opened at $7.20. DouYu International shares last traded at $7.18, with a volume of 13,929 shares traded.
DOYU has been the topic of a number of recent analyst reports. HSBC initiated coverage on DouYu International in a research report on Monday, September 16th. They set a “hold” rating on the stock. Zacks Investment Research upgraded DouYu International from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America initiated coverage on DouYu International in a research note on Monday, August 12th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. downgraded DouYu International from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $8.00 in a report on Monday. Finally, Morgan Stanley lowered shares of DouYu International from an “overweight” rating to an “equal weight” rating and set a $8.80 price objective for the company. in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.58.
The company’s 50-day moving average is $7.66.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sylebra Capital Ltd acquired a new stake in shares of DouYu International in the third quarter worth $25,710,000. Millennium Management LLC purchased a new position in shares of DouYu International during the third quarter valued at $5,179,000. Point72 Asset Management L.P. purchased a new position in shares of DouYu International during the third quarter valued at $934,000. Finally, Dean Capital Investments Management LLC acquired a new position in DouYu International during the third quarter valued at $427,000. Institutional investors own 12.25% of the company’s stock.
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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