Citigroup Lowers HUYA (NYSE:HUYA) Price Target to $5.00

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

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

HUYA Stock Performance

NYSE:HUYA opened at $3.06 on Thursday. The firm has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $4.35. HUYA has a one year low of $2.92 and a one year high of $6.84. The firm has a market cap of $713.22 million, a P/E ratio of -34.00 and a beta of 0.62.

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

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Seldon Capital LP acquired a new position in HUYA during the 3rd quarter valued at approximately $51,000. Central Asset Investments & Management Holdings HK Ltd purchased a new position in HUYA in the 3rd quarter worth $61,000. Smith Anglin Financial LLC acquired a new stake in HUYA during the 3rd quarter worth about $73,000. XTX Topco Ltd purchased a new stake in HUYA during the 3rd quarter valued at about $90,000. Finally, Bayesian Capital Management LP increased its holdings in shares of HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the period. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.