Daiwa America Downgrades HUYA (NYSE:HUYA) to Hold

HUYA (NYSE:HUYA) was downgraded by equities researchers at Daiwa America from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Daiwa Capital Markets lowered shares of HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Stock Down 6.9 %

Shares of NYSE:HUYA opened at $3.46 on Tuesday. The company has a market cap of $782.12 million, a PE ratio of -38.39 and a beta of 0.72. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84. The firm has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.68.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion for 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%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, research analysts forecast that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

Several institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of HUYA by 146.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock worth $2,322,000 after acquiring an additional 270,701 shares during the period. Seldon Capital LP acquired a new stake in HUYA in the third quarter worth approximately $51,000. FMR LLC boosted its stake in HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after purchasing an additional 1,681,800 shares in the last quarter. Quantbot Technologies LP increased its position in shares of HUYA by 18.9% during the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the period. Finally, Athos Capital Ltd raised its stake in shares of HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock worth $649,000 after buying an additional 11,000 shares in the last quarter. Institutional investors and hedge funds 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.