HUYA Inc. (NYSE:HUYA) Given Average Rating of “Hold” by Analysts

Shares of HUYA Inc. (NYSE:HUYA) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat.com reports. Four 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 brokers that have covered the stock in the last year is $5.68.

Several equities analysts recently weighed in on HUYA shares. HSBC restated a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup decreased their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th.

HUYA Stock Down 3.9 %

HUYA stock opened at $2.95 on Friday. The stock has a market cap of $667.80 million, a P/E ratio of -32.78 and a beta of 0.60. The company’s 50 day moving average price is $3.19 and its two-hundred day moving average price is $3.92. HUYA has a 52 week low of $2.89 and a 52 week high of $6.84.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.30. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, equities analysts anticipate that HUYA will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its stake in HUYA by 526.0% during the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after acquiring an additional 2,770,594 shares in the last quarter. FMR LLC grew its position in shares of 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. Millennium Management LLC bought a new position in shares of HUYA in the second quarter worth $5,197,000. Canada Pension Plan Investment Board bought a new stake in HUYA during the second quarter valued at $2,052,000. Finally, Marshall Wace LLP boosted its stake in HUYA by 177.6% during the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after buying an additional 501,681 shares during the period. Institutional investors 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.