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

HUYA Inc. (NYSE:HUYA) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.68.

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

Institutional Investors Weigh In On HUYA

A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in HUYA by 526.0% in the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after purchasing an additional 2,770,594 shares during the last quarter. FMR LLC lifted its stake in shares of HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after purchasing an additional 1,681,800 shares during the period. Millennium Management LLC purchased a new position in shares of HUYA in the second quarter worth approximately $5,197,000. Polunin Capital Partners Ltd bought a new stake in HUYA during the second quarter valued at approximately $5,166,000. Finally, Canada Pension Plan Investment Board purchased a new stake in HUYA during the second quarter valued at approximately $2,052,000. Institutional investors own 23.20% of the company’s stock.

HUYA Trading Down 2.2 %

Shares of NYSE:HUYA opened at $3.28 on Wednesday. The stock has a fifty day simple moving average of $3.83 and a two-hundred day simple moving average of $4.21. HUYA has a 12-month low of $2.89 and a 12-month high of $6.84. The stock has a market capitalization of $763.34 million, a price-to-earnings ratio of -36.39 and a beta of 0.60.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 0.30% and a negative net margin of 2.51%. HUYA’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. As a group, equities research analysts predict that HUYA will post 0.16 EPS for the current year.

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.