DouYu International (NASDAQ:DOYU) Now Covered by Jefferies Financial Group
Jefferies Financial Group started coverage on shares of DouYu International (NASDAQ:DOYU) in a report issued on Thursday, Briefing.com Automated Import reports. The firm issued a buy rating and a $8.90 target price on the stock.
Several other analysts also recently issued reports on DOYU. Zacks Investment Research upgraded DouYu International from a sell rating to a hold rating in a report on Tuesday, December 3rd. Bank of America started coverage on DouYu International in a research note on Monday, August 12th. They set a buy rating on the stock. Morgan Stanley downgraded DouYu International from an overweight rating to an equal weight rating and set a $8.80 target price for the company. in a research report on Monday, December 2nd. Citigroup assumed coverage on DouYu International in a research note on Monday, August 12th. They issued a buy rating for the company. Finally, HSBC assumed coverage on DouYu International in a report on Monday, September 16th. They set a hold rating on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $9.44.
Shares of DOYU stock opened at $7.18 on Thursday. DouYu International has a fifty-two week low of $7.01 and a fifty-two week high of $11.88. The firm’s 50 day simple moving average is $7.64.
Several hedge funds have recently made changes to their positions in DOYU. Dean Capital Investments Management LLC purchased a new position in shares of DouYu International during the 3rd quarter valued at approximately $427,000. Point72 Asset Management L.P. bought a new stake in shares of DouYu International in the third quarter worth $934,000. Millennium Management LLC acquired a new stake in DouYu International in the third quarter valued at $5,179,000. Finally, Sylebra Capital Ltd acquired a new stake in DouYu International in the third quarter valued at $25,710,000. Institutional investors and hedge funds own 12.25% of the company’s stock.
DouYu International Company Profile
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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