HUYA Inc. (NYSE:HUYA) Given Average Rating of “Hold” by Analysts

Shares of HUYA Inc. (NYSE:HUYAGet Rating) have been given a consensus rating of “Hold” by the ten research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.84.

HUYA has been the subject of several research reports. Citigroup downgraded HUYA from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.00 to $4.00 in a report on Wednesday, August 17th. TheStreet downgraded HUYA from a “c-” rating to a “d+” rating in a report on Tuesday, September 6th.

HUYA Trading Down 1.5 %

NYSE:HUYA opened at $2.67 on Friday. HUYA has a 1-year low of $2.65 and a 1-year high of $10.23. The firm has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.90. The stock has a market capitalization of $635.65 million, a PE ratio of 22.25 and a beta of 0.59.

HUYA (NYSE:HUYAGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. HUYA had a return on equity of 1.67% and a net margin of 1.77%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was down 23.2% on a year-over-year basis. On average, equities analysts predict that HUYA will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC grew its position in HUYA by 1.3% in the fourth quarter. Nuveen Asset Management LLC now owns 7,709,724 shares of the company’s stock valued at $53,506,000 after acquiring an additional 101,658 shares during the last quarter. UBS Group AG grew its holdings in shares of HUYA by 81.6% during the second quarter. UBS Group AG now owns 6,125,787 shares of the company’s stock worth $23,768,000 after purchasing an additional 2,751,809 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of HUYA by 44.1% during the second quarter. Renaissance Technologies LLC now owns 3,066,200 shares of the company’s stock worth $11,897,000 after purchasing an additional 938,335 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of HUYA by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,864,118 shares of the company’s stock worth $12,803,000 after purchasing an additional 70,296 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of HUYA by 2.0% during the first quarter. BlackRock Inc. now owns 2,467,829 shares of the company’s stock worth $11,032,000 after purchasing an additional 49,340 shares during the last quarter. Institutional investors and hedge funds own 23.39% of the company’s stock.

About HUYA

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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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Analyst Recommendations for HUYA (NYSE:HUYA)

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