HUYA (NYSE:HUYA) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of HUYA (NYSE:HUYA) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Other analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research report on Monday, December 29th. Morgan Stanley set a $3.40 price objective on HUYA in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.45.

HUYA Trading Up 4.1%

Shares of HUYA stock opened at $3.44 on Monday. HUYA has a twelve month low of $2.21 and a twelve month high of $4.93. The firm has a market capitalization of $767.83 million, a PE ratio of -57.24 and a beta of 1.01. The firm’s 50-day moving average price is $3.76 and its 200 day moving average price is $3.31.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Sunday, February 15th. The company reported ($0.01) EPS for the quarter. HUYA had a positive return on equity of 0.50% and a negative net margin of 1.77%.The firm had revenue of $248.48 million for the quarter. On average, sell-side analysts predict that HUYA will post 0.16 EPS for the current fiscal year.

HUYA declared that its board has authorized a share buyback program on Wednesday, March 18th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On HUYA

A number of large investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P lifted its position in HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares in the last quarter. SG Americas Securities LLC grew its holdings in HUYA by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after buying an additional 41,138 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of HUYA by 10.3% in the 1st 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 last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of HUYA by 8.6% during the 3rd 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 during the period. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.