HUYA (NYSE:HUYA) Downgraded by Daiwa America to “Hold”

HUYA (NYSE:HUYA) was downgraded by equities researchers at Daiwa America from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, HUYA has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Stock Down 6.9 %

HUYA opened at $3.46 on Tuesday. The business has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $3.68. The firm has a market cap of $782.12 million, a PE ratio of -38.39 and a beta of 0.72. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. On average, equities research analysts anticipate that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

Large investors have recently made changes to their positions in the company. Two Sigma Securities LLC bought a new stake in HUYA in the fourth quarter worth approximately $43,000. Seldon Capital LP bought a new stake in HUYA in the third quarter worth $51,000. Smith Anglin Financial LLC increased its position in HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after buying an additional 4,002 shares during the last quarter. XTX Topco Ltd bought a new position in HUYA during the third quarter valued at about $90,000. Finally, Sei Investments Co. acquired a new stake in shares of HUYA in the fourth quarter worth about $94,000. 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.