HUYA (NYSE:HUYA) Stock Rating Lowered by Wall Street Zen

HUYA (NYSE:HUYA) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings lowered HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Citigroup restated a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, HUYA currently has an average rating of “Moderate Buy” and a consensus price target of $3.45.

HUYA Price Performance

HUYA stock opened at $2.12 on Friday. HUYA has a 12 month low of $2.07 and a 12 month high of $4.93. The firm’s 50-day moving average is $2.33 and its 200 day moving average is $2.79. The company has a market capitalization of $484.14 million, a PE ratio of -35.33 and a beta of 0.88.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP acquired a new position in shares of HUYA during the second quarter valued at about $101,000. Public Employees Retirement System of Ohio acquired a new position in HUYA during the 2nd quarter valued at approximately $438,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of HUYA by 10.3% in 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. 23.20% of the stock is 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.