Citigroup Issues Pessimistic Forecast for HUYA (NYSE:HUYA) Stock Price

HUYA (NYSE:HUYA) had its price target trimmed by Citigroup from $5.90 to $5.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also weighed in on the company. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. HSBC reissued a “hold” rating and issued a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Finally, Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Stock Down 0.6 %

HUYA stock opened at $3.06 on Thursday. The company’s 50-day moving average price is $4.05 and its 200-day moving average price is $4.35. The company has a market cap of $713.22 million, a PE ratio of -34.00 and a beta of 0.62. HUYA has a twelve month low of $2.92 and a twelve month high of $6.84.

HUYA (NYSE:HUYA) last issued 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 company 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 firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. As a group, sell-side analysts expect that HUYA will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently bought and sold shares of HUYA. Public Employees Retirement System of Ohio bought a new position in shares of HUYA in the third quarter worth about $711,000. Main Management ETF Advisors LLC purchased a new stake in HUYA in the 3rd quarter valued at about $1,017,000. XTX Topco Ltd bought a new position in HUYA in the 3rd quarter worth about $90,000. Wellington Management Group LLP increased its position in shares of HUYA by 11.9% during the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after acquiring an additional 11,054 shares during the period. Finally, Athos Capital Ltd raised its stake in shares of HUYA by 9.5% during the third quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after acquiring an additional 11,000 shares in the last quarter. Hedge funds and other 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.