Analysts Set HUYA Inc. (NYSE:HUYA) Price Target at $5.68

HUYA Inc. (NYSE:HUYA) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.68.

Several research analysts recently weighed in on HUYA shares. Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th. Daiwa America lowered HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th.

HUYA Stock Performance

HUYA stock opened at $3.36 on Tuesday. The business has a 50-day simple moving average of $3.73 and a two-hundred day simple moving average of $3.66. The company has a market capitalization of $759.48 million, a P/E ratio of -37.28 and a beta of 0.72. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. As a group, sell-side analysts forecast that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s dividend payout ratio is presently -4,766.67%.

Hedge Funds Weigh In On HUYA

Several large investors have recently modified their holdings of HUYA. Vontobel Holding Ltd. purchased a new position in shares of HUYA in the fourth quarter valued at $140,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of HUYA in the fourth quarter valued at approximately $371,000. FMR LLC grew its position in shares of HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after purchasing an additional 1,681,800 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of HUYA in the third quarter worth $90,000. Hedge funds and other 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.