HUYA Inc. (NYSE:HUYA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of HUYA Inc. (NYSE:HUYA) have received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.68.

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

HUYA Stock Up 3.1 %

NYSE:HUYA opened at $3.04 on Friday. HUYA has a 52-week low of $2.89 and a 52-week high of $6.84. The stock’s 50 day moving average price is $3.18 and its 200 day moving average price is $3.91. The company has a market capitalization of $688.17 million, a PE ratio of -33.78 and a beta of 0.60.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the company posted $0.05 EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that HUYA will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On HUYA

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of HUYA during the 3rd quarter worth approximately $711,000. Main Management ETF Advisors LLC acquired a new position in shares of HUYA during the 3rd quarter worth $1,017,000. XTX Topco Ltd purchased a new stake in shares of HUYA in the 3rd quarter worth about $90,000. Wellington Management Group LLP grew its stake in HUYA by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock valued at $530,000 after acquiring an additional 11,054 shares during the last quarter. Finally, Athos Capital Ltd increased its holdings in HUYA by 9.5% during the 3rd 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.

About HUYA

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.