HUYA’s (HUYA) Hold Rating Reaffirmed at HSBC

HSBC restated their hold rating on shares of HUYA (NYSE:HUYA) in a report released on Friday, MarketBeat.com reports. They currently have a $4.70 target price on the stock.

Separately, Citigroup raised HUYA from a sell rating to a buy rating and boosted their price target for the company from $2.40 to $6.00 in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, HUYA currently has an average rating of Moderate Buy and a consensus target price of $6.38.

HUYA Stock Down 4.1 %

NYSE HUYA opened at $4.13 on Friday. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84. The stock has a market cap of $961.47 million, a price-to-earnings ratio of -41.25 and a beta of 0.60. The business has a fifty day moving average of $4.47 and a 200-day moving average of $4.55.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The business’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, analysts anticipate that HUYA will post 0.17 EPS for the current year.

HUYA Increases Dividend

The business also recently announced a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be paid a $1.06 dividend. The ex-dividend date is Wednesday, October 9th. This is a positive change from HUYA’s previous — dividend of $0.64.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Smith Anglin Financial LLC bought a new position in HUYA during the 3rd quarter worth approximately $73,000. Bayesian Capital Management LP lifted its holdings in HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after buying an additional 3,500 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of HUYA in the 1st quarter worth approximately $222,000. Headlands Technologies LLC bought a new stake in shares of HUYA in the 2nd quarter worth approximately $205,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of HUYA in the 2nd quarter worth approximately $291,000. Institutional investors own 23.20% of the company’s stock.

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.