HUYA Inc. (NYSE:HUYA) Receives $5.93 Average Price Target from Brokerages

HUYA Inc. (NYSE:HUYA) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $5.93.

Several research firms have recently issued reports on HUYA. HSBC reissued a “hold” rating and set a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and raised their target price for the stock from $2.40 to $6.00 in a research report on Wednesday, August 14th. Finally, Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On HUYA

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in HUYA by 8.7% in the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company’s stock worth $494,000 after buying an additional 8,680 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of HUYA during the 1st quarter valued at about $222,000. Acadian Asset Management LLC grew its stake in shares of HUYA by 45.0% in the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock worth $2,393,000 after acquiring an additional 163,406 shares during the period. Maple Rock Capital Partners Inc. lifted its position in HUYA by 125.2% during the first quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock valued at $23,410,000 after purchasing an additional 2,860,000 shares during the period. Finally, Bayesian Capital Management LP lifted its position in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the period. 23.20% of the stock is currently owned by institutional investors.

HUYA Stock Performance

Shares of HUYA stock opened at $3.23 on Friday. HUYA has a 52-week low of $2.92 and a 52-week high of $6.84. The company has a fifty day moving average of $4.14 and a 200-day moving average of $4.39. The stock has a market capitalization of $752.85 million, a price-to-earnings ratio of -35.89 and a beta of 0.62.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. HUYA’s revenue for the quarter was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities research analysts forecast that HUYA will post 0.16 earnings per share for the current fiscal year.

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.