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

HUYA Inc. (NYSE:HUYA) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.68.

A number of brokerages have recently weighed in on HUYA. HSBC reaffirmed a “hold” rating and issued a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Citigroup dropped their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th.

HUYA Price Performance

Shares of HUYA stock opened at $3.05 on Friday. The business has a 50 day simple moving average of $3.23 and a 200 day simple moving average of $3.95. The firm has a market capitalization of $710.90 million, a price-to-earnings ratio of -33.89 and a beta of 0.60. HUYA has a 12-month low of $2.89 and a 12-month high of $6.84.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. On average, equities analysts anticipate that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in shares of HUYA by 526.0% in the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after purchasing an additional 2,770,594 shares during the period. FMR LLC boosted its holdings in shares of HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares during the period. Millennium Management LLC acquired a new position in shares of HUYA in the second quarter worth about $5,197,000. Canada Pension Plan Investment Board purchased a new position in shares of HUYA in the second quarter worth approximately $2,052,000. Finally, Marshall Wace LLP raised its holdings in shares of HUYA by 177.6% during the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after acquiring an additional 501,681 shares during the period. 23.20% of the stock is owned by institutional investors and hedge funds.

About HUYA

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.