HUYA (NYSE:HUYA) Downgraded to Neutral Rating by Bank of America

HUYA (NYSE:HUYA) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a report issued on Wednesday, FinViz reports.

Several other equities research analysts have also recently weighed in on HUYA. HSBC reaffirmed a “hold” rating and set a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and boosted their target price for the company from $2.40 to $6.00 in a research report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.38.

HUYA Stock Performance

Shares of NYSE:HUYA traded down $0.09 during midday trading on Wednesday, reaching $3.39. 458,995 shares of the company’s stock were exchanged, compared to its average volume of 1,548,054. The firm has a market capitalization of $790.15 million, a PE ratio of -37.78 and a beta of 0.62. The company’s 50 day simple moving average is $4.21 and its two-hundred day simple moving average is $4.43. HUYA has a 12 month low of $2.92 and a 12 month high of $6.84.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.35. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. HUYA’s revenue was down 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. On average, research analysts anticipate that HUYA will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in HUYA by 160.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company’s stock valued at $1,158,000 after buying an additional 180,600 shares during the period. Mackenzie Financial Corp grew its stake in shares of HUYA by 162.4% in the 2nd quarter. Mackenzie Financial Corp now owns 171,584 shares of the company’s stock valued at $678,000 after purchasing an additional 106,182 shares during the last quarter. Caxton Associates LP boosted its holdings in HUYA by 407.5% in the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company’s stock valued at $1,627,000 after purchasing an additional 330,659 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of HUYA during the 2nd quarter valued at approximately $5,197,000. Finally, Acadian Asset Management LLC increased its position in HUYA by 45.0% during the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock worth $2,393,000 after buying an additional 163,406 shares in the last quarter. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.