HUYA (NYSE:HUYA) Rating Increased to Hold at Wall Street Zen

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

Other research analysts have also recently issued reports about the stock. Citigroup reissued a “buy” rating on shares of HUYA in a research note on Wednesday, August 12th. Weiss Ratings cut HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $3.45.

HUYA Stock Up 0.9%

Shares of HUYA stock opened at $2.18 on Friday. The company has a market capitalization of $497.85 million, a price-to-earnings ratio of -36.33 and a beta of 0.87. HUYA has a 12-month low of $2.08 and a 12-month high of $4.93. The firm’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.90.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. The firm had revenue of $256.01 million for the quarter. On average, sell-side analysts expect that HUYA will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently added to or reduced their stakes in HUYA. Public Employees Retirement System of Ohio lifted its stake in HUYA by 8.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after buying an additional 14,456 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in shares of HUYA during the second quarter worth $101,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

About HUYA

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.