HUYA Inc. (NYSE:HUYA) Given Consensus Recommendation of “Hold” by Analysts

Shares of HUYA Inc. (NYSE:HUYA) have received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.68.

A number of analysts recently issued reports on HUYA shares. Citigroup decreased their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. HSBC reiterated a “hold” rating and issued a $4.70 target price 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. Finally, Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th.

Hedge Funds Weigh In On HUYA

A number of large investors have recently modified their holdings of HUYA. Commonwealth Equity Services LLC acquired a new position in HUYA during the second quarter valued at approximately $291,000. National Bank of Canada FI grew its stake in shares of HUYA by 985,316.7% in the second quarter. National Bank of Canada FI now owns 236,500 shares of the company’s stock valued at $974,000 after buying an additional 236,476 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of HUYA during the 2nd quarter valued at about $360,000. Acadian Asset Management LLC raised its holdings in shares of HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after buying an additional 2,770,594 shares during the period. Finally, Headlands Technologies LLC purchased a new position in HUYA in the 2nd quarter worth approximately $205,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

HUYA Stock Up 3.1 %

NYSE HUYA opened at $3.04 on Friday. The stock has a market cap of $688.17 million, a price-to-earnings ratio of -33.78 and a beta of 0.60. HUYA has a fifty-two week low of $2.89 and a fifty-two week high of $6.84. The business has a fifty day moving average of $3.18 and a 200-day moving average of $3.91.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (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 negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, analysts anticipate 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.