HUYA Inc. (NYSE:HUYA) Given Consensus Rating of “Moderate Buy” by Brokerages

HUYA Inc. (NYSE:HUYA) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $6.38.

A number of analysts recently weighed in on HUYA shares. Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and increased their price target for the stock from $2.40 to $6.00 in a research note on Wednesday, August 14th. HSBC reiterated a “hold” rating and set a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Finally, Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th.

HUYA Stock Performance

Shares of NYSE:HUYA opened at $3.45 on Tuesday. The company’s 50 day moving average is $4.42 and its two-hundred day moving average is $4.53. HUYA has a 52 week low of $2.82 and a 52 week high of $6.84. The company has a market cap of $804.14 million, a PE ratio of -34.50 and a beta of 0.60.

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

HUYA Increases Dividend

The company 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 of this dividend is Wednesday, October 9th. This is a boost from HUYA’s previous — dividend of $0.64.

Institutional Trading of HUYA

Several hedge funds have recently made changes to their positions in the company. Smith Anglin Financial LLC purchased a new position in shares of HUYA in the 3rd quarter valued at about $73,000. Bayesian Capital Management LP raised its position in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after acquiring an additional 3,500 shares during the last quarter. Headlands Technologies LLC acquired a new position in HUYA during the second quarter worth about $205,000. Susquehanna Fundamental Investments LLC acquired a new position in HUYA during the first quarter worth about $222,000. Finally, Commonwealth Equity Services LLC acquired a new position in HUYA during the second quarter worth about $291,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.