HUYA Inc. (NYSE:HUYA) Receives $5.68 Consensus PT from Brokerages

HUYA Inc. (NYSE:HUYA) has received an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.68.

HUYA has been the subject of a number of research analyst reports. Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 18th. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 18th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HUYA. Amiral Gestion acquired a new stake in HUYA in the fourth quarter worth $307,000. Formidable Asset Management LLC raised its stake in HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after buying an additional 7,300 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in HUYA by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock worth $439,000 after acquiring an additional 3,545 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of HUYA in the 4th quarter worth $516,000. Finally, D. E. Shaw & Co. Inc. increased its stake in HUYA by 10.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock valued at $824,000 after purchasing an additional 25,521 shares in the last quarter. 23.20% of the stock is owned by institutional investors.

HUYA Trading Up 4.5 %

NYSE HUYA opened at $3.36 on Tuesday. The firm’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $3.66. The firm has a market capitalization of $759.48 million, a price-to-earnings ratio of -37.28 and a beta of 0.72. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84.

HUYA (NYSE:HUYA) last issued its 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). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $0.48 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities research analysts forecast that HUYA will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio (DPR) is presently -4,766.67%.

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.