HUYA Inc. (NYSE:HUYA) Receives Average Recommendation of “Hold” from Brokerages

HUYA Inc. (NYSE:HUYA) has earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings 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 12 month price objective among analysts that have covered the stock in the last year is $5.68.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HUYA. Polunin Capital Partners Ltd purchased a new stake in shares of HUYA in the second quarter worth about $5,166,000. Commonwealth Equity Services LLC purchased a new stake in shares of HUYA during the 2nd quarter worth approximately $291,000. National Bank of Canada FI boosted its position in shares of HUYA by 985,316.7% during the 2nd quarter. National Bank of Canada FI now owns 236,500 shares of the company’s stock valued at $974,000 after acquiring an additional 236,476 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of HUYA in the second quarter valued at $360,000. Finally, Acadian Asset Management LLC grew its holdings in shares of HUYA by 526.0% in the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after purchasing an additional 2,770,594 shares in the last quarter. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Down 2.2 %

Shares of HUYA opened at $3.28 on Wednesday. The business has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $4.21. HUYA has a 52 week low of $2.89 and a 52 week high of $6.84. The stock has a market cap of $763.34 million, a price-to-earnings ratio of -36.39 and a beta of 0.60.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities analysts anticipate that HUYA will post 0.16 earnings per share for the current fiscal year.

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.