HUYA Inc. (NYSE:HUYA) Receives Average Recommendation of “Hold” from Brokerages

HUYA Inc. (NYSE:HUYA) has received an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.68.

HUYA has been the topic of several recent research reports. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. HSBC reaffirmed a “hold” rating and issued a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Citigroup cut their price target on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th.

HUYA Stock Performance

HUYA stock opened at $3.50 on Thursday. HUYA has a one year low of $2.82 and a one year high of $6.84. The stock has a fifty day moving average of $3.11 and a 200 day moving average of $3.81. The stock has a market cap of $791.16 million, a PE ratio of -38.83 and a beta of 0.62.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.04 by $0.30. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts predict that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently bought and sold shares of HUYA. Quantbot Technologies LP raised its stake in HUYA by 18.9% during the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the period. Smith Anglin Financial LLC raised its position in shares of HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after buying an additional 4,002 shares during the last quarter. Seldon Capital LP purchased a new position in shares of HUYA in the third quarter worth $51,000. Athos Capital Ltd lifted its holdings in shares of HUYA by 9.5% in the third quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock worth $649,000 after buying an additional 11,000 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of HUYA by 11.9% during the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after acquiring an additional 11,054 shares during the last quarter. 23.20% of the stock is owned by institutional investors.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.