HUYA (NYSE:HUYA) Stock Rating Upgraded by Zacks Investment Research

HUYA (NYSE:HUYAGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The firm presently has a $4.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 0.25% from the company’s current price.

According to Zacks, “HUYA Inc. provides online services. The Company offers interactive video broadcast service which includes e-sports, music, reality show and more. HUYA Inc.is based in Guangzhou, China. “

A number of other research analysts have also weighed in on the company. Daiwa Capital Markets decreased their target price on HUYA from $5.70 to $4.60 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. JPMorgan Chase & Co. downgraded HUYA from a “neutral” rating to an “underweight” rating and set a $3.00 price target for the company. in a research note on Monday, March 14th. Citigroup reduced their price target on HUYA from $6.80 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, May 18th. downgraded HUYA from a “buy” rating to a “hold” rating and set a $6.50 price target for the company. in a research note on Tuesday, February 8th. Finally, CLSA reduced their price target on HUYA from $9.50 to $6.10 and set an “underperform” rating for the company in a research note on Wednesday, February 16th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, HUYA has an average rating of “Hold” and a consensus target price of $7.46.

Shares of HUYA stock traded up $0.31 during trading on Thursday, reaching $3.99. 1,908,531 shares of the company’s stock were exchanged, compared to its average volume of 2,512,961. The stock has a market capitalization of $949.90 million, a PE ratio of 15.96 and a beta of 0.72. HUYA has a twelve month low of $3.04 and a twelve month high of $18.13. The firm’s fifty day moving average price is $4.36 and its 200-day moving average price is $5.87.

HUYA (NYSE:HUYAGet Rating) last posted its earnings results on Tuesday, May 17th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.21. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.43 billion. HUYA had a return on equity of 3.61% and a net margin of 3.46%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Sell-side analysts anticipate that HUYA will post -0.34 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC acquired a new position in HUYA in the 4th quarter worth about $28,000. Fieldpoint Private Securities LLC increased its holdings in HUYA by 176.0% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 3,505 shares of the company’s stock worth $29,000 after purchasing an additional 2,235 shares in the last quarter. National Bank of Canada FI acquired a new position in HUYA in the 4th quarter worth about $63,000. Signaturefd LLC increased its holdings in HUYA by 176.2% in the 4th quarter. Signaturefd LLC now owns 10,550 shares of the company’s stock worth $73,000 after purchasing an additional 6,730 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in HUYA in the 4th quarter worth about $77,000. Hedge funds and other institutional investors own 25.32% of the company’s stock.

HUYA Company Profile (Get Rating)

HUYA Inc, through 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, online theatre, and other genres.

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