HUYA (NYSE:HUYA) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of HUYA (NYSE:HUYA) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other equities research analysts also recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. Weiss Ratings cut HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.45.

HUYA Stock Down 0.9%

Shares of HUYA opened at $2.28 on Friday. HUYA has a 52-week low of $2.15 and a 52-week high of $4.93. The company has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $3.02. The company has a market capitalization of $509.65 million, a PE ratio of -37.99 and a beta of 0.86.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%.The company had revenue of $256.01 million for the quarter, compared to analysts’ expectations of $260.76 million. On average, research analysts anticipate that HUYA will post 0.14 EPS for the current year.

Hedge Funds Weigh In On HUYA

A hedge fund recently bought a new position in HUYA stock. Public Employees Retirement System of Ohio acquired a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned approximately 0.09% of HUYA as of its most recent SEC filing. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.