HUYA (NYSE:HUYA) Price Target Lowered to $5.00 at Citigroup

HUYA (NYSE:HUYA) had its target price cut by Citigroup from $5.90 to $5.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Hsbc Global Res downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. HSBC restated a “hold” rating and set a $4.70 target price on shares of HUYA in a research report on Friday, October 11th. Finally, Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $5.80 to $4.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.68.

HUYA Stock Down 0.6 %

NYSE:HUYA opened at $3.06 on Thursday. The company has a 50 day simple moving average of $4.05 and a two-hundred day simple moving average of $4.35. HUYA has a 12 month low of $2.92 and a 12 month high of $6.84.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. As a group, equities analysts forecast that HUYA will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HUYA. Healthcare of Ontario Pension Plan Trust Fund raised its stake in HUYA by 160.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock worth $1,158,000 after acquiring an additional 180,600 shares during the period. Mackenzie Financial Corp increased its stake in shares of HUYA by 162.4% in the second quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock worth $678,000 after purchasing an additional 106,182 shares in the last quarter. Millennium Management LLC bought a new stake in shares of HUYA during the 2nd quarter valued at $5,197,000. Caxton Associates LP lifted its stake in shares of HUYA by 407.5% during the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock valued at $1,627,000 after buying an additional 330,659 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in HUYA by 45.0% in the 1st quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock worth $2,393,000 after buying an additional 163,406 shares during the period. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.