HUYA (NYSE:HUYA) Trading Down 5.3% – Here’s Why

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares fell 5.3% during trading on Friday . The company traded as low as $3.23 and last traded at $3.2750. 512,936 shares were traded during trading, a decline of 76% from the average session volume of 2,124,344 shares. The stock had previously closed at $3.46.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HUYA shares. HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Wednesday, November 5th. Hsbc Global Res upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HUYA has an average rating of “Hold” and a consensus target price of $3.50.

HUYA Stock Down 3.6%

The stock has a fifty day moving average price of $3.09 and a 200-day moving average price of $3.17. The firm has a market cap of $745.07 million, a price-to-earnings ratio of -37.05 and a beta of 0.80.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The company had revenue of $215.93 million for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company posted $0.34 EPS. HUYA’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts expect that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On HUYA

A number of institutional investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P increased its position in HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after purchasing an additional 7,867 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after acquiring an additional 14,456 shares during the period. Public Employees Retirement System of Ohio raised its position in HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after acquiring an additional 19,353 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after acquiring an additional 41,138 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.