DouYu International (NASDAQ:DOYU) Stock Rating Lowered by JPMorgan Chase & Co.
Several other brokerages also recently weighed in on DOYU. Citigroup initiated 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 price target for the company. in a report on Monday. Bank of America initiated coverage on DouYu International in a research note on Monday, August 12th. They set a buy rating on the stock. Zacks Investment Research lowered DouYu International from a hold rating to a sell rating in a research note on Tuesday, November 26th. Finally, HSBC assumed coverage on shares of DouYu International in a report on Monday, September 16th. They set a hold rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. DouYu International currently has a consensus rating of Hold and a consensus price target of $10.10.
NASDAQ DOYU opened at $7.51 on Monday. The business has a fifty day moving average price of $7.69. DouYu International has a 12-month low of $7.01 and a 12-month high of $11.88.
A number of institutional investors have recently bought and sold shares of the stock. Dean Capital Investments Management LLC purchased a new stake in DouYu International during the third quarter worth about $427,000. Point72 Asset Management L.P. purchased a new stake in DouYu International during the third quarter worth approximately $934,000. Millennium Management LLC acquired a new position in shares of DouYu International in the 3rd quarter valued at $5,179,000. Finally, Sylebra Capital Ltd purchased a new stake in DouYu International in the third quarter valued at approximately $25,710,000. Hedge funds and other institutional investors own 12.25% of the company’s stock.
About DouYu International
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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